Killy_Mel
Long

MACRO VIEW: BTCUSD IS ON THE MOVE UPWARDS AGAIN

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin has entered into an uptrend more than a month ago (June 16th 2015) and the trend held multiple tests since then, pulling back to the 1st standard deviation from quarterly (66-day) moving average .

Trades willing to participate in current rally should look for to pick up long positions at pullbacks to the 1st standard deviation, with stops at the quarterly mean itself.

...

Since Bitcoin is not truly influenced by fundamental factors, it is a purely technical trade - and the trend will be intact as long as price will drive the perception of traders.
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