After bouncing from the 5000 resistance the bitcoin will slowly work its way upward the next week and crack the 5000 psychological barrier, after it is clearly broken, potential long position with targets 5200 and 5400. A historical moment (again).
Compared to the 4500 trend from August 17th slow MACD trend looks weak right now, buy signal still intact, and longterm uptrend far from being broken. If the trend continues without larger setbacks (to 3500 or so) and $7000 until december '17 clear all positions, making cash.
Have a nice week(end).
Compared to the 4500 trend from August 17th slow MACD trend looks weak right now, buy signal still intact, and longterm uptrend far from being broken. If the trend continues without larger setbacks (to 3500 or so) and $7000 until december '17 clear all positions, making cash.
Have a nice week(end).