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MoonTrader
Mar 2, 2015 6:57 PM

Bitcoin trend developing Long

Bitcoin / U.S. dollarBitstamp

Description

Holding longs here for another breakout and possible another parabolic up to $320 ish. The consolidation triangle has now resolved decisively to the upside and we're meeting resistance at the old high, but it's probably only a matter of time. Strong support in the 240s and a good long prospect here, especially if we pull back before moving up.

That said, the bear market isn't decidedly over yet, but it's looking more promising now. We'll have to see a strong move into the upper 300s before that can be confirmed. For now, holding with confidence.

Comments
Noobincrypt
hmm was hoping to see 250 on btce again before more up, watching closely
2x-Short
thanks for the chart. im cautious about another leg up as the last 2 auctions dumped.
MoonTrader
There was good news recently, so I'm not too worried about it.
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