ezikiel12

Trend reversal!?

ezikiel12 Updated   
BITSTAMP:BTCUSD   Bitcoin
I have a strong feeling BTCUSD may be seeing trend reversal confirmation in the very near future. We've seen it develop support over the past week and are now witnessing a squeeze that is looking quite bullish in my opinion. Futures are closing today, rumors and FUD are dying down, and daily MACD is showing signs of an upswing! We'll see how it develops over the next 24-48 hours.

Target: 13184
Trade active:
Will update when breakout is confirmed with volume and conviction.
Trade active:
Hit the play button on the graph to see how we did.

I can confirm we have an upward breakout following my primary count perfectly. Currently finding resistance at the .236 (11653) fib line. I'd like to see volume pickup asap, although Chinese New Year in full effect this. We'll see how things develop over the next 24 hours.
Trade closed: stop reached
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