Jooster

Short term possible bear, long term bullish for BTC?

BITSTAMP:BTCUSD   Bitcoin
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A rough sketch on how I'm guessing the mid term and exponential MA is going to move along with BTC price, based off of the awesome oscillator (white line), and also that BTC recently had a pretty big bull run and seems to be dipping in preparation for the next bull run. If the awesome oscillator crosses that zero line strongly, I would be very bullish, but hesitant if the crossing is not sharp. BTC may still have a short term drop in price, but it seems 50/50 at this point.

BTC has also broken two major resistance lines (yellow), reinforcing my expectation of a long term bull run, especially as we approach the may halving event.

Best of luck everyone, watch for that momentum.
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