garyreza
Long

Are we BULLISH? (Part2 - Continuation)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Its a continuation of the previous idea.

on 8H chart the EMA200 acted as support and MA50 acted as resistance, we see a bottom doji candle which is TD Sequential candle #9, and indicators ( STOCH , DMI, MACD ) turning back and re-entering buy zone. The same signs are visible of 4H chart, and are bolder. So, we can hope for a try to break the ~$8k area, which I talked about its importance on the previous idea.
Vol is not bad, but not great, If we strongly break the ~$8k we can hope for breaking ~$8400 this time, if you remember that was the resistance that pushed the price down like a week ago.
Remember we don't have the confirmation yet, but everyone can wait for the confirmation and predict after, we are trying to be ahead, predicting of that BIG NICE GREEN confirmation candle will happen or not, and it probably will.

Remember that "The stock market is a device for transferring money from the impatient to the patient."
Garyreza(@Analytca)

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