Targets for current bull run in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Technical reasons to buy:
higher low, trendline support,
50% fibonacci retracement ,
prior resistance turned support

Fundamental reasons to buy:
US bitcoin auction showed massive
demand for bitcoin , thus giving confidence
in exchange prices.
any update on Bitcoin from your end Chris? were touching down again the support at 560+-. You think we might bounce up or continue our way down?
I like the targets. 4000-6000 . so glad there is traders like you so I can dump on too at tops
I don't see how you would profit from me not selling at midterm tops but hey there is place for different types of traders and strategies in trading and thats cool :)
Very good,to explain technical and fundamental reasons to go Long ! Congrats!
774 my target aswell. not going to sell though. waiting for 4000-6000
Pinkfloyd111. MagnusTradingGroup
Yeah, it's becoming to risky to sell. I am only adding for long term as long we are below 1k.
If this is classic bat pattern
The D point cannot exceed the X point
0.886 fib
Thanks Chris. What price did you go in at, the current one 551 or did you get in at the retrace 536?
chrisdunntv HarounKola
I picked up some more around the $560's
+1 Reply
HarounKola chrisdunntv
Is this for short term trading till price hits 680, or are you holding these as part of your investment?
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