At the very least, a bullish Bitcoin should make a successful breakout and also break the daily 200 moving average (red). Whether the breakout is sustained is another matter. Assuming it is, this is basically how I see the rally unfolding. My guess is, should we get that far, we will stall in the 11k to 12k zone which corresponds to February highs. I find it very unlikely we will go farther without a significant correction / period of consolidation. This is where I absolutely plan to take remaining profits. If we do consolidate at that level, we can stay up there for many months.
I am holding since 6k. Options for entry now include buying a dip, buying now or buying a breakout. We may retest the green zone, but I think it's unlikely.
I am holding since 6k. Options for entry now include buying a dip, buying now or buying a breakout. We may retest the green zone, but I think it's unlikely.
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Prime Minister of Malta speaks to United Nations General Assembly, says "cryptocurrencies the inevitable future of money" www.youtube.com/watch?v=0QzbiMmu...
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No Mt.Gox to stop us
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Is this chart back on track? I suspect we might see a brief period of consolidation here. Hold on to your seats.
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We broke the 200ma on Bitfinex on first pump. This is the first time we even touched it since March! My guess is this rally will continue over the next weeks