greeneye
Long

Calling the BTC market bottom.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
325 3 2
Targets:
- Target 1: $600 by end-of-year (stop at $250)
- Target 2: $2500 by end-of-year (trail stop at ATR Trailing Stop)

Technicals:
- Divergence in CCI indicator.
- Strong support in the 270-300 area.

Fundamentals:
- Bitcoin             ecosystem never stronger. Choose your metric (global ATM penetration, # of start-ups, venture capital dollars, merchant adoption, etc.)
BTC simply doesn't have the strength to go up. Expect price $10 sooner than I thought.
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Not sure about the $2500 number, but I agree we need a draw back at least into the $500s. Would be nice if it reached $2500, though. I think we will have to drop lower before that happens.
Reply
good luck
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