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Rashad
Mar 9, 2015 4:46 PM

Bitcoin Possibly Back to 300 Long

Bitcoin / U.S. dollarBitstamp

Description

R2 Fibonacci Pivot Break
Vortex indicator shows a larger move is still possible, VI + is above 1.2
RSI shows Bitcoin is becoming Overbought, however since RSI 7 is above RSI 14 the Bulls have an edge
An ascending triangle seems to be forming.

Bearish scenario - Bitcoin moves back towards $267
Bullish scenario - Bitcoin moves towards $303
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