MoonTrader

Watch that trendline!

BITSTAMP:BTCUSD   Bitcoin / Dollar
151 0 5
BTC is at historically important levels right now. One of two things could happen now. It could flatline and head to the bottom of this triangle, or it could just break out right now and muhn.

Right now, we have a bullish full moon working in our favor as all the moons are starting to line up. You'll notice the last four moons were a pretty reliable indicator of price, new moon bear , full moon bull . One can't help but notice the fractal that seems to be playing out right now. I also recall the sentiment being very similar around this time in April when people were throwing out doomsday scenarios and waiting for the next leg down. While that's not out of the question, I'm beginning to feel that something's a bit different about this one. Volume still looks good and bulls look like they want to break through $350 resistance. Just keep an eye on the $360 level and watch that trendline. Right now, my vote is bullish , but I've been long since $323 so this is a low risk trade for me.

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