shlomok

Long-Term Moving Average Breakout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This MA channel seems to have tracked BTC well historically. Breakout likely signals overbought, but buying pressure & media coverage is fairly high currently. Additionally, recent parabolic trend is far healthier than past spikes as I've discussed previously. Remain neutral short to mid term.
Comment: This is obviously not a novel insight, just something I am actively tracking
Comment: Okay... we are clearly well out of the channel now. Frenzy is intensifying & parabolic trend is speeding up
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