Bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 9, 2014 5:24 PM

Winter is the best time for bears to hibernate ;)

NEVER consider shorting until 440~476. Dollar (DXY) is topping out right now too.
Clear breakout here, and it'll be a strong corrective trend.

Short and sweet, we are in for a big rally.

Comments

johnrfraser

⋅ Nov 9, 2014 5:29 PM

This looks like it maxed out trying to make that break out though? Weird how RSI tells a completely different picture...
I think this MFI triple tops here and we go down..what do you think?

johnrfraser

⋅ Nov 9, 2014 5:31 PM

PS the pink line is David's Wlf Wave pattern...I cannot tell whether we've started into that or we're on another pathway altogether...

ProgramBaynesJourneyman

⋅ Nov 9, 2014 6:21 PM

I think it'll more likely consolidate around this level before breaking up again :)
RSI doesn't really matter in a strong corrective trend..

LastBattle

⋅ Nov 13, 2014 4:27 AM

Update: **
Reached 450 in 2 gigantic candle, no sign of the trend stopping yet. May shoot straight into the 500s without any significant retrace.

ProgramBaynesJourneyman

⋅ Nov 10, 2014 9:16 PM

Update***
Another perspective to take note of, thanks to Ninjabenja.