DollarsNSense

Bitcoin heading for a Bull run??

Long
BITFINEX:BTCUSD   Bitcoin
Bitcoin has already successfully put in and played out an Inverted Head and Shoulders and now looks set to go on a fresh run. We can make no Bullish predictions about the longer term fate of Bitcoin and if anything, at this stage it's probably more balance to a long term SELL than BUY. In the near term however, it looks like a buy, we have broken though daily resistance and a pullback that holds is a really positive sign. Given the previous psychology of the Bitcoin Bulls, the Buying may well be swift and aggressive. My preference would be to look early next week and be decisive with the Buying. The Opportunity may not stick around long
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