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chrisdunntv
Jul 1, 2014 12:18 PM

Targets for current bull run in Bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

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.
Comments
BitcoinGuru
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?
CrazyC_BTC
I like the targets. 4000-6000 . so glad there is traders like you so I can dump on too at tops
MagnusTradingGroup
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 :)
segeln
Very good,to explain technical and fundamental reasons to go Long ! Congrats!
MagnusTradingGroup
774 my target aswell. not going to sell though. waiting for 4000-6000
Pinkfloyd111.
Yeah, it's becoming to risky to sell. I am only adding for long term as long we are below 1k.
cezarone
If this is classic bat pattern
The D point cannot exceed the X point
0.886 fib
HarounKola
Thanks Chris. What price did you go in at, the current one 551 or did you get in at the retrace 536?
chrisdunntv
I picked up some more around the $560's
HarounKola
Is this for short term trading till price hits 680, or are you holding these as part of your investment?
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