Posted several times about Bitcoin in recent weeks and holding a profitable long position currently.
With the 2yr trend line and top of the neckline on the bowl structure broken I think we are in a trading range somewhere between the current $900 and around $1350.
The MACD has bags of headroom, the currency will trade over the Christmas period more than most and has been popular in Asian markets of late. RSI looks a little hot but I think this has the momentum to hold a high value for an extended period.
My view is that this will test the all time high before the new year. When it moves it moves fast and big.
With the 2yr trend line and top of the neckline on the bowl structure broken I think we are in a trading range somewhere between the current $900 and around $1350.
The MACD has bags of headroom, the currency will trade over the Christmas period more than most and has been popular in Asian markets of late. RSI looks a little hot but I think this has the momentum to hold a high value for an extended period.
My view is that this will test the all time high before the new year. When it moves it moves fast and big.
