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Madofff
Dec 4, 2016 9:23 AM

The law of bitcoin. Long

Bitcoin / U. S. DollarKraken

Description

781.976 was the new high of btc last 2 month, we are on bullish trend is a evidence.

The rally of btc is not to be stoping yet, we are right now on accumulation phase, if Btc break the resistance at 781.976 we can go to 800+ dollars easy.

RSI is very strong and something like 1 per day on overbought area, its insane.


240TF, this btc rally is not done => Christmas is the most favorable time for a btc up because China use a much of bitcoin for shopping or business.
( Dont forget China control over 70% of monetary mass of Bitcoin ).

Target: above 820$ first.

Good trading !

Trade active

800$ BREAK !!!!!!!!!!!!!!!
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