DerekD_

$BTC - Third time could be a charm, or it could be strike 3

Long
DerekD_ Updated   
BITFINEX:BTCUSD   Bitcoin
ALLLRRRIGGHHHTTT CRYPTO FREAKS, we're down to one of the last chances $BTC has if it plans for continuation in up-trend (you know, despite being 65% off ATH's & all). Fib levels using both 6MO WMA & 3YR WMA. Blue & Orange EMA are consolidation / lows which - should act as next price levels for consolidation before any big move. Without any presumptions, this is for sure the determining factor to whether or not a new regime (downtrend) or 'correction' phase is turned into a bullish continuation. Hard not to be optimistic about it w/ MFI in desc. triangle formation without much new lows to make. Unless price moves below black WMA, or any other moving averages cross one-another, I can see another solid run. Not quite the A1 setup yet, so any big move sooner-than-later could be short lived. Regardless, bullish.
Comment:
Definitely contrarian, definitely buying ($6,172)

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