MeasuredMove
Long

Bitcoin Accumulation - headed higher

MTGOX:BTCUSD   Bitcoin / Dollar
162 0 1
Bitcoin retraced just over 50% of its gains from the post cyprus crash lows. Huge volume at the support zone from 50%-61.8% (645-505) indicating huge accumulation. Those buyers are not going to be easily shaken out.

I am expecting price to rise to at least 1500-1700 area which are fib area's, but bitcoin has a way of going parabolic and we are just one crisis away from it going up by possibly an order of magnitude.

Despite the negative china news that sparked the second sell off bitcoin is still very much a growth story that is very green.

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out