Xetsu
Long

Bitcoin going much higher

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
89 0 0
As noted a while back, I think bitcoin is entering a weeekly mean reversion. Bitcoin has gotten super vastly oversold, and this new sustained bull move so far has slowly been creeping up. After the last move, we consolidated, formed a penant pattern and broke out, showing consolidation. We are still only 40 Yuan or so from previous relative high of 1797~

Technicals: 50 ma crosed 200ma on 6h time frame with momentum , very strong signal.

Target is daily 200 ma, around 2120-2160~. To be honest I think there is a good chance we go parabolic to 350+, but would start taking profits at artound 200 daily ma area.
Fundamentals : Not much, but VC             money keeps pouring into bitcoin . 21.co announced 126m in funding, nuts.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out