primaindustria
Long

Short-term Bull Channel Possibilities

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
262 4 1
Bitcoin             has negated retracing to the 38.2 fib twice in recent days. As we continue to chug along in this 'bull channel', it will be interesting to see whether we retrace or keep on keeping on. Regardless, 600-615 is starting to look likely to be hit conservatively.
NICE
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I'd be looking for some dying momentum which would signal possible retracement. It is going to be a fun time. I bought in around 455~ when I basically said F]*() it.
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primaindustria ItisCalvin
Yeah, I'm not counting out a retrace to the 38.2. I should have drawn the light green line a little closer in, but that's what I was alluding to with including it. Retrace or not, I think we are still bull for a little while at least. GL!
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ItisCalvin primaindustria
Yeah the bulls certainly have this market. Bears have to go back to hibernating for now.
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