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Long

Bitcoin bulls start to win. Here is the maximum bull case for Q2

BITFINEX:BTCUSD   Bitcoin / Dollar
696 0 7
// UPDATE 1 : Just one day later my bullish scenario got diminished to a low chance hope.

// UPDATE 2 (May 30) : The price has fallen below the $232-$230 area (down to $228.2). I therefore completely rule out this bullish scenario, also because we didn't cross the 75 day moving average and instead made a 'kiss of death' with it.

In case the bulls hold the current level and if the price does not fall below the $232-$230 area this is my maximum bull case for the next weeks. Why? Because the overall price constellation allows this kind of trajectory if we get a cross with the 75 day moving average (blue line).
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