TradingView
Juanchobanano
Dec 6, 2017 8:26 PM

Bitcoin - The Unstoppable (New Tendency Line?) Long

Bitcoin / U.S. dollarBitstamp

Description

I'm surprised of how speculation around Bitcoin can go against any technical analysis that suggest a price retracement (In fact, my last Bitcoin analysis suggested this). At the moment BTCUSD seems to be unstoppoble, and now, it seems to have entered to a new tendency line. RSI reports an overbought signal, nonetheless, volume keeps growing really fast.

My recomendation? I would like to recommend that you should wait for a price retracement over blue tendency line, however, this might never happen. If you are interested in invest in BTCUSD, invest as soon as you can. Stop waiting for a perfect market entry, and wait for profits in the long-term. I also recommend to check other cryptocurrencies, visit my profile to more info.

If you find this analysis helpful, don´t forget to like and comment! :)

Comment

This might be of your interest as well:

Comment

Comment

BTCUSD moving to 14.500 before retracement

Comment

Correction time is comming
Comments
ENIGMA1440
I believe what we have here is a Technology Adoption S Curve that just started
Juanchobanano
@CSEcoin1776, I agree with you, this is just the beggining!
ENIGMA1440
@Juanchobanano, Exciting Times We Live in! HODL!
More