llywellyn
Panjang

$BTC - Long Targets

BITSTAMP:BTCUSD   Bitcoin / Dolar
309 0 4
Bitcoin             has given us a strong bullish signal by breaking out of the triangle it had been forming in since it made its ATH             . This doesn't necessarily mean we are headed for a new ATH             in the short term, but it does mean there are some long profits to be had. With Bitcoin             , however, when it gets some momentum behind it it tends to run for a while, so if we continue to see a strong bullish movement, it would not surprise me at all to see it make a run at a new ATH             .

The strong bounce off the 50 day SMA is a bullish sign for the market overall. Some traders have been publishing doomsday scenarios where BTC             falls to $6000 or so. The bounce off the 50 day SMA shows the market is still quite bullish . We will see what happens in the coming days but my money is currently on a nice BTC             run.
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