RandallGurule

Should You Bet the Farm on Bitcoin Right Now?

Long
COINBASE:BTCUSD   Bitcoin
Supplementing my last post on Bitcoin, we look back at our 1 day time frame, we can see the bullish pennant forming in the chart. Bitcoin is currently holding onto this 38.2 level on the fibonacci, and if we look at our shorter time frame, we are in fact receiving a buy signal from the Megalodon indicator! This is not a bad position to be buying Bitcoin. We must pay attention to the market open tomorrow morning to see how the whales of the market will take action, but the next rise in Bitcoin is sure to be a big one confirmed by the breaking through the top line of the Bullish Pennant!

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