faboose
Long

Bitcoin launch pad #2

BITFINEX:BTCUSD   Bitcoin / Dollar
232 3 3
Well I do not want to get ahead of myself and say that the reversal/uptrend has been confirmed, because it hasn't fully yet, but it's looking more like it every day.

Currently we're at another level creating a type of launch pad, we cannot make new lows, and accumulation continues. This means many believe there is more up to come (I agree) so here is my next expected move.

Good luck!
Comment: Well damn, looking back this move I was looking for was pretty fucking dead on, sans the Gavin BIP101 release.
Lower high = Bear. Don't kid yourself.
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Wait for the price to touch the edge of the cloud, if it bounces and shoots up we'll have a lot of buying pressure coming in. Otherwise it could well squeeze into another long and boring down/no-trend.
+1 Reply
faboose PRO wisconsin
I agree, always be prepared for the flip side of the trade :)

PS. Wisconsin rules.
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