ENTRY SHORT 0.01540 STOP LOSS 0.01571 TAKE PROFIT 0.01160
Bitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to...
Bullish if price closes above the daily 200 EMA (green). The daily 55 EMA has proven to be a strong line of support. Non-log scale the bottom trendline is just under the daily 55 EMA at about 29,094. As long as price remains above this line, trend is up.
Enough said, we are done with the dump. On the way to $680 , or even the uppermost target of $720 . Sit tight and watch! Not the time for any shorting... :) Everything's screaming BUY BUY BUY! Credits: LowPro & LazyBear for the indicators.