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Bitcoinscenarios

Pull back time or the beginning of a new bubble?1) There is bearish RSI Divergence that seems ready to be broken. On a longer time perspective RSI is trending up (Red line) 2) Price closed above the channel but closed inside the pitchfork on this occassion www.tradingview.com 3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618. 4) The 150 D SMMA (or 300 D MA) is a great indicator (especially on BTCUSD - BTC-e). Acts as great support and resistance, as well as directionally (this can be seen since late 2012). I've observed than when the price is 540-550$ above the MA or 75-85% above, the price pulls back. 5) The price is out of sync on most exchanges and there are no good or bad news (no news are bearish for the long term, bullish for the short term) I am very bullish Bitcoin overall, but fundamendaly, there are some valid short and long term concerns on many and various aspects. Good luck and soon... To the moon!
BNC:BLX
by BitcoinMacro
Bitcoin - Not worried about a sell now - Adding to BuyI'm very much bull on bitcoin right now - not only from a technical standpoint, but also the fundamental standpoint. Strictly from the technical standpoint bitcoin is crossing above the 9 day MA and she's been hugging the 50 day MA pretty well (squiggly pink line) - The straight blue line is the long term uptrend I've been tracking since last year, so I feel it's fairly safe to put my stop under there. The 200 day MA is still below that (red line) but I don't feel we're going to see that. The RSI is turning up above the 60 level - the MACD just made a cross up into the positive territory as well. And the stochastic (the funky red and Green lines under the RSI) are saying we should be due for some more upward motion. Chart here: Now, fundamentally, there's lots of things going on in the background that could push bitcoin higher - Ant is looking to buy MoneyGram - if that goes through I'd expect bitcoin to make quite a jump. Even if it doesn't happen, there's so much investment in the blockchain I don't expect any sudden sharp sell offs any time soon.
BITSTAMP:BTCUSDLong
by ChrisAbdey
Long live Bitcoin, last call before climbing that canal.As usual, beware downward breakout, especially considering the news and the ethereum stelaing the hype lol, but bitcoin will always remain bitcoin, should have a place in a trading portfolio. The double bottom is pretty nice, I think it just want to confirm the 1000 cap, as for the target, once again how long can you wait before closing position, if you can wait until top of the canal and beyond well,that's the real challenge, but that's the spirit of swing trading otherwise take it until you feel the up trend is heading toward retracement and retake position a little bit downer. Cheers all cryptotraders out there :)
BITFINEX:BTCUSDLong
by VanillaBSV
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