jirakst
Long

Rise and Rise of Bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
136 0 0
I am sure we are withness of newborn uptrend in the price of Bitcoin although it cann't be clearly said how narrow it's rise will be.
We see here a nice price channel with the current price at it's bottom which confirm Stoch RSI by OS signal, while MACD is in accordance with the price showing no blemish in price development.
We may had seen recently completing of bat harmonic pattern and we cann't also exclude a positive public expetation which drives the trend up. Although there's still slighty downtrend in action which may the price depresed down for a while before it resume it's rise.
Having that said I keep myselft aside this short-term trade since the signals are not clear, but I believe long-term profit takes long.
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