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Bitcoin: BTCUST Massive Bull Breakout maintained - stay long Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090 The break stayed good overnight and the far East bought into it too...not massively but still a good sign of returning confidence world-wide as all the bad news begins to dry up. This break out is so important and so far technically perfect on Coinbase chart - and shows how, once price beat the last dynamic above it Bitcoin surged upwards, shackles undone. The next part of the Bitcoin puzzle is to look more closely at the reverse head and shoulders to see how likely it is to be trustworthy from here. First off the last one failed - and actually went on to form the right hand shoulder of this larger RHS - whilst Bitcoin was still in the middle of a downtrend, which with today's price action is now effectively over - the only disconcerting thing about this RHS is that it's a little too prefect technically. Can it be too good to be true? Too obvious? Why? On The Coinbase chart this reverse head and shoulders has a minimum upside of 3216 points added to the break out level/neck-line at 8874 - creating a minimum upside target at 12090 on Coinbase. Stay with it
COINBASE:BTCUSDLong
by sumastardon
2
Bitcoin likely breaks $1,000 - PT is $1,030 SKY IS THE LIMIT!!Call this premature but hey, Santa just keeps on giving! Positive karma and white rice carbohydrates will fuel this sucker past $1,000! Congratulations to all of us who have held firmly in our love and use of the ONLY REAL CURRENCY CLASS LEFT ON THIS PLANET!!! Yes, I am assuming it breaks $1,000 BUT HEY, if you doubt it now, you aren't paying attention!! Using rough measure rule next price target is $1,030 but really anything can happen... ... we will dip, and we will rally, but this time next year you will dream of a chance to buy three digit bitcoin!! If we dip now, so be it, after all you must seperate the wheat from the chaff!
BITSTAMP:BTCUSDLong
by Kantardziski
1