daehbew
Long

Long Day by Day

BTCE:BTCUSD   Bitcoin / Dollar
42 0 0
Bears have had their fun.
Now they are giving up...
aroon says downtrend is getting weaker.

rsi says that we've gone oversold and now came back up into the pink, signals we will change direction now because we crossed into the pink area from the outside.

the sar             is done ready to put crosses on the bottom

candles have gone out out bollinger and are now running into the MA. ready to perk above the MA.

the volatile histogram is now shrinking signifies these bears are tired.
because it was so volatile the bulls shall have a volatile upswing as well.

not going to overpredict, but I see this turn as a push easily into 800 in coming days.

looking like January timeframe we will be in the 800-1000 range.

I'm not too great at calling the numbers, but I can say that the market is definately preparing for it's uptrend soon.
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