PolarHusk

BTC/USD TA Update (Bulls Are Getting Ready?)

Long
BITSTAMP:BTCUSD   Bitcoin
BTC/USD

Bitcoin is doing just fine, hovering just above both 12/26 EMAs plus 200 MA on a 4-hour time-frame. No red flags yet, the price is already outside the trend-line resistance
which can give Bitcoin a boost when Bulls started moving upwards again. We could expect Bitcoin to consolidate in this price range for at least 24 - 48 hours before it reaches
the sloping trend-line of support. Be ready for another large move to happen and make sure your capital is protected with stop-loss especially those who are using high leverage trade.

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