jthrasher

BTC...the fat lady hasn't sung just yet

jthrasher Updated   
BITSTAMP:BTCUSD   Bitcoin
I've been getting less and less enthusiastic about this being a correction into more upside lately but the recent higher lows look sorta promising. There's a fairly clear ascending tri forming that needs to break and close above that 11.1xx level to signify bullish continuation in my opinion. We are also currently in a small ascending tri within the bigger ascending tri.
Comment:
Keeping close eye on these daily RSI levels. We lost the level (around 47 ish on the daily) that gave the god bounces after the previous consolidations of this move. That's the main reason i'm leaning toward a bigger correction but if we can reclaim that level it's going to look really good again.

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