hint: make this chart yours to see the fibs and more historical trendlines
코멘트
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Bullish fundamentals: competitive devaluation of fiat currencies banning of cash (f.e. 500€ notes in EU) negative interest rates / no interest for holding money at bank account with volatile currencies means increase demand for store of value assets bitcoin as modern store of value capital controls halving segwit
HODL
코멘트
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upper channel line (blue) hit see comments
코멘트
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bitstamp break out of the blue channel for new high $$$ exciting time, chart needs some updates when it holds above
hard to guess the next move, 900 or testing support... so i booked partial profits at 740$
코멘트
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seems like this was the brexit pump and dump. peeps already talking about "Bitcoin As a Hedge Against Economic Uncertainty".
Comparing GBP vs bitcoin chart shows bitcoin top and gbp bottom at the same time. Fundamentals are still bullish, looking to buy back the reversal.
코멘트
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china levels
코멘트
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Expect more volatility over next days, ATR14 levels off at 40$, its because halving is coming closer (ETA: 09 Jul 2016). Margin money could have a hard time here, market makers prolly try to squeeze both directions, we have seen this before.
Nevertheless seeing gold and silver going into a bull market, its unlikely that bitcoin is entering a bear market. So I see Bitcoin going sideways or up over medium term but with high volatility.
lil' update. Daily breakout from blue channel. Seems like first support found at the old upper channel line, second support 502$ (Nov high).
Assuming we are still retracing the ATH: Target1 600$ and Target2: 727$ and Target3: 900$
But notice that daily rsi is already high.
etnips7
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Good one
koryu
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thx, on the bullish side we have this sick montlhy channel still intact, with bollinger bands going up
etnips7
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Looking good, strong push at channel bottom touch and ascending RSI
koryu
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Finally hit the channel's upper line. Maybe a little correction now but I am not sure.