rv
Long

Bitcoin/USD ( Daily ). 'Moving Along'.

rv  
BITSTAMP:BTCUSD   Bitcoin / Dollar
983 2 8
Bitcoin/USD ( Daily ). 'Moving Along'.

After the bullish reversal and base(d-bottom 337), 4 month RSI brake_out momentum ,
while clearing some obstacles along the way(trend_lines, fibs),
price has formed a well defined uptrend channel, breaking out of the short term consolidating triangle,
following the potential geometric             symmetry, it could reach the 61.8% and 200 sma level, weekly 50 sma , channel upper bound. ( 3rd target ).

RSI at 54. ( in an uptrend )
Stochastic base turn and rising.
I'm trading futures, but have a bullish bias on btcusd as well. My futures target is more conservative, around 439, but still similar layout all in all. Nice chart ;)
Reply
rv IvanLabrie
2 years ago
hey, thanks!
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