Bitcoin seems to made a breakthrough and going up! :)

in #bitcoin • 10 years ago (edited)

Right now on Poloniex 4 hours chart bitcoin crossed upper Bollinger Bands and intends to go up to 634 BTC/USDT resistance level.

On daily chart the same picture:

Here we can see that despite the fact it is still within Bollinger Bands channel, the direction is UP.

So, do we need to buy it now? Let's see at 2hr frame:

Now bitcoin price is close to fibo resistance level and we can expect a short decline. So the best time to enter the market and buy btc will be right after the end of decline. But if you are true bitcoin fan, buy it now. That's my opinion.

#analytics #crypto-news #blog #trading
10 years ago in #bitcoin by
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