pumapunko
Long

Engines refueld, Countdown begins! ...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders

The past few weeks have been very bullish . We have bounced off of the long term uptrend line 3 times now, thus confirming an uptrend.

RSI is looking very bullish too, resembling the market at the end of May prior to the massive push to $690

In terms of fundamental analysis well that couldn't be better! The silk road 2.0 auction of the DRP stash is just around the corner. Last time that happened it the price went up massively. There are further developments in with bitcoin             on wall street and there is a super bowl proudly sponsored by Bitcoin             on the 26th December which will show Bitcoin             to millions watching and should capture new public interest in the currency!

I'm expecting a massive push up to $527 which should bring us up to the 0.618 Fib retracement level from the last $690 high before being sold off again to the 430s which will again test that uptrend. After that a massive push upwards seems highly likely with all the great news surrounding the currency as well as further inroads into Bitcoin             ETFs and wider acceptance amongst investors.

Links:

http://stpetersburgbowl.com/

http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp

http://arstechnica.com/tech-policy/2014/11/feds-will-auction-off-19-million-in-bitcoins-from-alleged-silk-road-kingpin/
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out