Today you can clearly see an ascending triangle formation in Bitcoin on the weekly, this suggests that a bullish continuation of Bitcoins price is about to occur.
You can also see that Bitcoin is bouncing on and above the infamous 61.8, this is also positive news, and I foresee a continued uptrend in Bitcoin.
Why do I think now is a good time to buy?
Well, as you can see here, it takes two times to create a pattern, and we have an obvious pattern going on that if played out exactly as BCH has before, should lead us to the 540 upto 590 range, which is a pretty nice profit if you got in around 400.
Of course, the markets tend to decide for themselves how they play...
It seems somewhat early for BTC to swing up much further; it has yet to come near the bottom support level.
If history repeats itself, and BTC fundamentals remain as bullish as they have been, we should see a re-trace back down to 61.8, at worst.
Once BTC has done so, BTC should go through a period of slightly appreciating consolidation, and will produce...