simonsays452
Long

Bullish BTCUSD up through 465 to 500

BITSTAMP:BTCUSD   Bitcoin / Dollar
I called the 1/7 breakout up to 465, exactly! Unfortunately, it came much quicker than expected and I didn't get a chance to take profits. So I'm still 100% long. We've seen some colidation back down to the 440 level. Overnight and into today, we saw a sustained breach of the bearish trendline from the 465 high. This looks bullish to me and with my expectation for further Yuan devaluation, I anticipate a move back up to 453 and a re-test of 465, before moving higher to challenge the summer highs at 500.
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