lucamodena

Bullish perpective for Bitcoin!

做多
lucamodena 已更新   
BITSTAMP:BTCUSD   比特币
Technicals:

  • We have a nice breakout from the descending triangle pattern (green figure)
  • We have an inverted Head and Shoulders patter (purple lines)
  • We have touched EMA1000 and had a nice bounce from it
  • MACD and RSI showing bullish momentum. On the MACD the histograms are creating a bullish divergence in comparison to the price action. What is more the signal average is approaching the 0 line and will probably enter bullish territory. RSI crossed 50 level and heading north.

Moreover, there is a strict correlation between gold and BTC. If you are looking for a safe heaven to park your cash into - gold is the first choise, while BTC is becoming the second one.
Gold in the last few weeks has been gaining momentum, I expect Bitcoin to follow it's course.

TP: 9000 $

You can place your Stop-loss underneath the EMA1000.


Good luck!
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