I tend to agree with you that we are nearing a breakout. Judging by past activity, I've seen too many of these upward and steady climbs on relatively low volume, followed by a breakout to think it will be a breakdown. Now, if it had happened shortly after the fall down, and been shorter in duration, I would say it's a toss up. But, considering our normal volatility, what we are seeing with the slow climb is promising. (again, as usual)

As that guy from the bitcoin channel said, the thing that stands out is how we broke through the two high volume days, where we formed those hammer like candlestick patterns after the "crash" down. Those big red candles those first two days were on half the volume as the "hammers" were. We are basically sitting at the top of that first hammer and what appears like a support level that was formed before we exploded up.

The market, again as the bitcoin channel guy has explained, looks like it is weakening to me, if I am interpreting it correctly. The sell side is slowly creeping up and the buy side is slowly creeping down. All the while we are maintaining price. It is not a good sign but hard to interpret. Any ideas about the market?

Enjoying,
IAS