For many moons we have seen the big bad bear dump down on us from above, forming a beautiful wedge we all have watched in anticipation of a breakout to confirm trend reversal.
The Gox saga has been talked to death over the past few months along with almost weekly china bans and BTC's being stolen from various exchanges. Recently I feel though this negative news has reversed and we have started to hear great things about Bitcoin from the Winklevoss twins. Richard Branson has decided to invest in Bitcoins flagbearer 'Bitpay' and it looks like Bitcoin ATM's are starting popup in Africa. This has all been going on for quite some time but has been massively overshadowed by the Mt Gox aftermath. Now I feel though we are moving on to the next stage of things to come and new investment.
Today we have broken the wedge. The previous two legs down had similar pumpndump patterns that I don't see here and therefore I am beginning to feel more bullish. The Branson effect will bring encourage faith from sheep investors and other influential players are helping stoke the fire.
Although I feel it may be a bit of a premature long call, I'm willing to put my balls on the line now because even if we see more down in the extremely short term, the up is very very close.
The Gox saga has been talked to death over the past few months along with almost weekly china bans and BTC's being stolen from various exchanges. Recently I feel though this negative news has reversed and we have started to hear great things about Bitcoin from the Winklevoss twins. Richard Branson has decided to invest in Bitcoins flagbearer 'Bitpay' and it looks like Bitcoin ATM's are starting popup in Africa. This has all been going on for quite some time but has been massively overshadowed by the Mt Gox aftermath. Now I feel though we are moving on to the next stage of things to come and new investment.
Today we have broken the wedge. The previous two legs down had similar pumpndump patterns that I don't see here and therefore I am beginning to feel more bullish. The Branson effect will bring encourage faith from sheep investors and other influential players are helping stoke the fire.
Although I feel it may be a bit of a premature long call, I'm willing to put my balls on the line now because even if we see more down in the extremely short term, the up is very very close.
