ChartArt
Long

Bitcoin Spring rally resumes the uptrend (simplified version)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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(Simpler version of my last chart* with arrows showing the direction.)

It's Moonday :) We had several days of sideways accumulation after the final re-distribution. Today starts a new multi-day mark-up phase**, which enables targets of $315 and up to $350 until April 2015. I expect bears to get over-run by bulls in a short-squeeze in the coming days.

Entry: $278
Stop-Loss: $266
Target: $350

//UPDATE// Entry was $278, price 5 hours later: $287

*My last chart: **Wyckoff cycle explanation: http://static.safehaven.com/authors/tick...
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