SpielMeister
Long

BTC A Number of Reasons to Look Forward to Price Movement Today

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
111 1 1
The last few days have been... boring. The price has made several attempts in both directions showing significant indecision in the market.

The Gann Square I posted yesterday never showed any significant price movement except at arcs where we had retracements of nearly all of the sluggish gains made meandering trough that section.

Today, however, we are at the end of the last arc and things are looking up. A hidden bullish divergence that was playing out for the last two days finally gave way to obvious bullish sentiment. The indicators are showing an uptrend and the price is about to break from the fifth arc of the square AND from a bullish triangle.

Lets hope for some action today, because if it happens there is a good chance it will be upwards.
Hot damn! Could not have been more right about a major price move being imminent 2 days ago. Unfortunately I guessed the wrong direction... but them's the breaks sometimes.
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