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hehe
Jun 2, 2014 9:06 AM

$BTCUSD - Bullish Channel Long

Bitcoin / U.S. dollarBitstamp

Description

Still bullish. The Leading Diagonal is dead, long live the Bullish Channel! I thought will make it more peaceful - and we have an aggressive approach. MA100 & Kumo as support. Inverse head and shoulders - under construction. Good luck!


forex-tribe.com/Bullish-Channel.php
investopedia.com/terms/i/inverseheadandshoulders.asp
Comments
hehe
the current situation:
hehe
... watch out for pennant:
investopedia.com/terms/p/pennant.asp

Asterix
Very interesting. What do you think are chances we will touch the lower bound of your channel?
hehe
... $ 676 is ca 1.618 wave (a); DMI - ADX indicates the possibility of correction
hehe
DMI:
hehe
...all patterns are still bullish imo.
Asterix
Thx, I am leaning bullish, too, although passing through $680 will not be easy now, we may see more panic selling on the approach, anticipating another failed test of this resistance
GekkoTulip
Your view is still very simillar to mine.. BUT to be lucky we need big volume on our arm.

Good luck.

ibs
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