Long

It's about time

By koryu

Updated

Watch out. Break out, next try.

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knocking on the fib. :)

hint: make this chart yours to see the fibs and more historical trendlines

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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

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upper channel line (blue) hit see comments

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bitstamp break out of the blue channel for new high $$$ exciting time, chart needs some updates when it holds above

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Targets: 600 - 727 - 900
Support: 540 - 502
See comments

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we are breaking the 727 level stamp :-)

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hard to guess the next move, 900 or testing support... so i booked partial profits at 740$

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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.

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china levels

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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.

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china long term levels i.imgur.com/Zbqc5eo.png

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bear whale? ;-) i.imgur.com/pdSbpxV.png

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koryu

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