Bitcoin is one of the market leaders. By charting out the S&P 500 and the SPGI you can conclude that the market has broken through and the next leg of the bull run has began. The market leaders always push up after a breakthrough in the market. You can see here that I use the 30 week moving average to buy the pullbacks and it works very well for most trends, along with an unusual setup of 30-30 on the RSI with MA, but it works for me. You can also see that the MACD on the weekly is starting to curve up, it's pretty bottomed out so the next move should be explosive, it's hard to say if the momentum will push to 11k or straight to 20k. Either way, stay long and watch the daily after bitcoin starts moving, don't get out too early.
Comment:
Litecoin is how you can make a nice chunk of change from the next move. If you cop the trade in LTC, take advantage of ENJ or RVN.