AntMwah

Merry Christmas from Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
86 views
4
Posted several times about Bitcoin in recent weeks and holding a profitable long position currently.
With the 2yr trend line and top of the neckline on the bowl structure broken I think we are in a trading range somewhere between the current $900 and around $1350.

The MACD has bags of headroom, the currency will trade over the Christmas period more than most and has been popular in Asian markets of late. RSI looks a little hot but I think this has the momentum to hold a high value for an extended period.

My view is that this will test the all time high before the new year. When it moves it moves fast and big.