BIT trend looks like October 2018

look and make what you may of it, here is my reading of this Heiken Ashi chart

1. very strong and consistent uptrend since when the reversal happened last week June
2. the green candles are generally speaking longer, supported by upper wicks
3. this indicates strong uptrend that is continuous
4. was tested around the 8th for support and it bounced back very strongly indicating a new base
5. the market is not dumb and cannot be fooled for several days, if it was mere hype, it would have lost momentum about a week back
6. the trend only has become stronger
7. any sniff of a real deal will make this hit last years high of 40 plus cents within days
8. based on TA and this chart alone, I think this will hit 10c plus on Monday or Tuesday.
9. The test will be how this continues, not concerned about medium to long term, in order to ensure momentum, we will need volume to continue or grow.
10. some back tests like the three days on very small volume is actually good for sustained growth.
11. I like Heiken Ashi as this tends to cut out all the noise and pump and dump type activities in my opinion as it is based on averages. (look it up if you want to, in my experience, this is the strongest indicator yet that I have found)
12. once previous resistances are broken, this space is very hot indeed.
13. good luck all.