otis_bagshots

Bitcoin Monthly KST Crossover

Long
BITSTAMP:BTCUSD   Bitcoin
The Know Sure Thing (KST) is a momentum oscillator calculated by taking the simple moving average (SMA) or four different rate-of-change (ROC) periods, adding them together to come up with the KST, and creating a signal line by taking the 9-period SMA of the KST. Like the MACD, it is bullish when the KST crosses above the signal line.
As shown, the monthly KST is above the zero line and has crossed above the signal line; both of which act as buy conditions. Based on this, I believe Bitcoin has much further to go before it enters a bear market.
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