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RE: BTC Price action is excellent today. This movement is sustainable!
Update - this sell-off is WAY overdone and a bounce back up can be expected. 
Update - this sell-off is WAY overdone and a bounce back up can be expected.
Looking good as btc churns a little after that correction. Stoch RSI has just crossed over, so we'll see what the next move up brings. I expect another higher high, but I am a bit concerned at the low volume right now. If volume doesn't pick up, we may see the past few hours' gains slip away.
Remember that there are several levels of resistance (HnS neckline and previous highs which other chartists have covered more in depth) I am mostly commenting on price action.
Going well so far for this hypothesis so far. Middle BB was no problem and will likely act as support from now on.
