MoonTrader
Long

Bullish correction underway

BITSTAMP:BTCUSD   Bitcoin / Dollar
By breaking out of the purple triangle on volume , I think we have established a bullish trend that will take us back to the long-tern downtrend at least. After a weeks-long consolidation, the market has finally begun to correct from its oversold condition and decided on a direction for the next few weeks.

This should start a bull run similar to the one in May 2014 that will bring us to a target in the $340s or above. I will be looking to ride this trend until it reverses.
blackswan
2 years ago
340s is a bit of a stretch so may be 310 or 320 max.. anyway the move up is in play but for a different reason bot due to rsi or whatsoever...
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MoonTrader blackswan
2 years ago
You're probably right, actually. I just looked close to the line, but it will probably stop before it gets there.
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