CoolHandWillick

Bitcoin Still Extremely BULLISH

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently finding support on the 25-day moving average (blue) which converges with psychological support. Should we break, the 50-day moving average (green) converges with very strong historical support.

Bitcoin just broke out of a massive bull flag (see link below), and we have historical data which indicates what happens after that.

That said, the MACD has had a bearish crossover. But there is a strong bullish support level on the MACD .

Long game peeps, resist the urge for instant gratification.


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