btc_joe
Long

Bitcoin Measured Move (the bullish case)

BITSTAMP:BTCUSD   Bitcoin / Dollar
146 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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