SunnyMorning
Long

Bitcoin Next Move Outlook for the second half of February

BITSTAMP:BTCUSD   Bitcoin / Dollar
On February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this steps up and up.
Last week we also see rallye on different altcoinf such as ETH, MAID, XMR, and many others. However it soon turn out that all this false hope will end in tears. ETH will never make higher high and my prediction is that by the end of February it will decline back to price where it was and in the future ETH price will inevitably comes to almost zero....
CNY             is depreciating and thus bitcoin price will go up.

However there exists some tiny possibility that price rose only to decline even more - now on H4 and H2 and H1 we can see divergence between price and RSI however taking into account all other fundamentals and TA this very probably prove to be wrong what on the other hand only even more confirm the uptrend and make uptrend even stronger and thus the final price which we are heading to will be even higher.

My current prediction is that we are heading to $450 level or above. Perhaps we can just see new price canal which is established between $360 and $460 with occasional price flashes more up or down depending on price pumps which occur on different exchanges.

Very probably we reach $460 or CNY             3000 soon. I think now we are making another CNY             500 up from previous decline CNY             500 (which made a triangle which high was CNY             500).
I am very bullish on Bitcoin long term and my short term predictions turned bullish as well. Unfortunately I sold most of my Bitcoins and now I must buy them back again so I am byuing on decline and selling on tops.
happy trading
Let me know what do you think in comments below :) How much profitable trades did you make?
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