btc_joe
Long

Bitcoin Measured Move (the bullish case)

BITSTAMP:BTCUSD   Bitcoin / Dollar
149 0 0
Still waiting to see how this pennant breaks, currently the price is consolidating between the 50 and 100 day moving averages, 50 day holding as support at the moment. If we break out to the upside then a measured move would take us up to around the $680 fib level (50% retrace from all time highs to the flash crash in Jan'15). This may be prove to be a nice target. Wait for the break out though.
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