What I am seeing right now is Bitcoin has moved to the other most pitchfork. Please take note that I did add an extra parallel line since BTC is highly volatile. The red line seems to be most fitting for Bitcoin since it never seems to want to go higher very quickly. We will have to wait and see on that. For a time it had been following that original orange line until it broke lower. I would say getting above 620 would be a good for the short term trend. Failure to break and remaining below 580 would be a sloth market (sideways), because they are slow and tend not to move quickly. Going below 555 is not a good sign for the bulls if that should happen again.
Indicators
• PSAR – The first buy signal since almost half a month ago was given! This may signal the beginning of something good.
• Aroon – Nothing yet on if this indicator will decide to give us a buy signal. I had hoped for one, but basically it is saying we would need to go higher for a better chance of positive rate markets.
• StochRSI – I can see that this time it may actually go barely into the OVERBOUGHT area. May curve down just before then, but that would at least mean we would go up quicker than just a slow 5 point move.
Targets
Bull Target: $625
Bear: 580
The whole TA is on my blog among other stuff... www.allbitcointa.cu....-going-over-680.html
Indicators
• PSAR – The first buy signal since almost half a month ago was given! This may signal the beginning of something good.
• Aroon – Nothing yet on if this indicator will decide to give us a buy signal. I had hoped for one, but basically it is saying we would need to go higher for a better chance of positive rate markets.
• StochRSI – I can see that this time it may actually go barely into the OVERBOUGHT area. May curve down just before then, but that would at least mean we would go up quicker than just a slow 5 point move.
Targets
Bull Target: $625
Bear: 580
The whole TA is on my blog among other stuff... www.allbitcointa.cu....-going-over-680.html
