Bitcoin Above Trendlines and Key Moving Averages; Time to Buy Long

Bitcoin / U.S. dollarBitstamp

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⋅ May 23, 2014 11:55 AM

I bought some Bitcoin this morning as price is above the 200 EMA and 50 SMA, as well as above the downward sloping trendline starting from the price highs back at $1100.

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Bitcoin (Cryptocurrency)