ToneVays
Long

Looking for a Breakout !!!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
All signs are pointing to new highs, we have now seen big buyers come in at $300 and under. Since then we have made 2 noticeable higher highs and one higher low. The 200 hr SMA is turning up and the price is sitting on the 50 hr SMA as support. The MACD and RSI have plenty of room before reaching overbought levels and once the price breaks back over the $400 and the Yellow line horizontal resistance (that's been in this chart for some time), buyers should step in out of fear of missing another rally.

Let's see if reality will line up with the technicals, all comments are welcome.
Tone Vays - Content Creator & Derivatives Trader
Web Site: ToneVays.com
Twitter: @ToneVays YouTube: Tone Vays & WorldCryptoNetwork
Nice looking chart, I agree completely.
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Took a little hit last night, but still looks ready for breakout as long as the 370 low holds. even if it goes there is good support in the 360's with the 200 SMA and if the RSI does make it under 30 with the price stable above 350 still a good sign.
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