DU09

BTC/USD - Largest candle in the history of BTC: $8,662!

Long
BITSTAMP:BTCUSD   Bitcoin
After a historic day yesterday where Tesla and Elon Musk announced they purchased $1.5 billion in Bitcoin... BTC did the obvious and pumped $8,662 in one day.

This is the LARGEST candle by nominal value in the history of BTC... I repeat 8k increase in ONE DAY!

Are you not entertained?

This is the beginning of a stampede to buy Bitcoin. Thousands of companies will literally RUN to buy BTC as fast and as soon as possible. Apple is next... and when they make a similar announcement like Tesla... we're going to get close to the top in this cycle.

Meanwhile, BTC was a bit more timid today with only a 1k increase. But this is just a short relief after yesterday, we are due to go higher and February has been more than eventful already.

The indicators, particularly on daily are looking very good, MACD is expanding nicely and this will not stop soon... we're just at the start of the cross up... RSI is already in the overbought area. but that is not a concern as long as MACD remains bullish.

This cycle has been like no other in the past and many predictions and models have to re-adjust considering the latest news.

Enjoy the ride!

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