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Pivotal_Capital
Dec 21, 2017 9:17 AM

XBTUSD BTCUSD Conventional Charting Forecast Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Currently holding on the 100 MA on the 240 min. chart, possible right ear sidewinder setting up. Stoch RSI turning up off the bottom, MACD getting ready to cross and SQZMOM trending up. Given confirmation of those indicators, if the sidewinder plays out we will see 25K+ BTC by Dec 31. Shorts beware.
Comments
skychall
Very nice analysis. Thanks for sharing!
Pivotal_Capital
@skychall, thank you. Looks like I was wrong (short term at least, it needed another step down) but nonetheless the turn should be near
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