koryu
Long

It's about time

BITSTAMP:BTCUSD   Bitcoin / Dollar
1455 13 17
Watch out. Break out, next try.
Comment: knocking on the fib. :)

hint: make this chart yours to see the fibs and more historical trendlines
Comment: Bullish fundamentals:
competitive devaluation of fiat currencies
banning of cash (f.e. 500€ notes in EU)
negative interest rates / no interest for holding money at bank account with volatile currencies means increase demand for store of value assets
bitcoin as modern store of value
capital controls
halving
segwit

HODL
Comment: upper channel line (blue) hit see comments
Comment: bitstamp break out of the blue channel for new high $$$ exciting time, chart needs some updates when it holds above
Comment: Targets: 600 - 727 - 900
Support: 540 - 502
See comments
Comment: we are breaking the 727 level stamp :-)
Comment: hard to guess the next move, 900 or testing support... so i booked partial profits at 740$
Comment: seems like this was the brexit pump and dump. peeps already talking about "Bitcoin As a Hedge Against Economic Uncertainty".

Comparing GBP vs bitcoin chart shows bitcoin top and gbp bottom at the same time.
Fundamentals are still bullish, looking to buy back the reversal.
Comment: china levels
snapshot
Comment: Expect more volatility over next days, ATR14 levels off at 40$, its because halving is coming closer (ETA: 09 Jul 2016). Margin money could have a hard time here, market makers prolly try to squeeze both directions, we have seen this before.

Nevertheless seeing gold and silver going into a bull market, its unlikely that bitcoin is entering a bear market. So I see Bitcoin going sideways or up over medium term but with high volatility.
Comment: china long term levels http://i.imgur.com/Zbqc5eo.png
Comment:
snapshot
Comment: bear whale? ;-) http://i.imgur.com/pdSbpxV.png
Comment:
snapshot
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most likely this
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600 is broken gentlemen :-)
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snapshot

lil' update. Daily breakout from blue channel. Seems like first support found at the old upper channel line, second support 502$ (Nov high).
Assuming we are still retracing the ATH: Target1 600$ and Target2: 727$ and Target3: 900$
But notice that daily rsi is already high.
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Good one
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koryu PRO spinte7
thx, on the bullish side we have this sick montlhy channel still intact, with bollinger bands going up
snapshot
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Looking good, strong push at channel bottom touch and ascending RSI
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Finally hit the channel's upper line. Maybe a little correction now but I am not sure.
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bitstamp monthly, bull view
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Nice chart :)
+1 Reply
koryu PRO Ingemkts
thank you :)
+1 Reply
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