haris.hronos
Long

Long term BTC analysis!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
While i was doing my analysis today i thought i should try to see the big picture of bitcoin ( long run trade ).So as we see on my analysis we have 2 downtrend lines (red) and 2 main resistance zones. Right now BTC is close to break one downtrend line which will be a good signal for more upward movement ( always speaking about long run guys) . I used MACD - RSI - OBV indicators and all of them prove me that BTC is going to hit highs soon .
Potential profit taking: 17,300 or more
This is a long run analysis so i will not point a stop loss .( Just be patient )

Comments

Guys if BTC breaks the uptrend line (green) then will BTC propably test suport zones found at 9000 and 8000
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good analysis sir
Reply
Thank you ,I appreciate your comment.
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