DrDovetail

After the latest bull flag breakout, BTC goes Super Saiyan!

Long
BITFINEX:BTCUSD   Bitcoin
"IT''S OVER NINE THOUSAAAAAND!!!" Move over Goku there's a new Super Saiyan in town! As anticipated, btc broke bullishly out of another bull flag which should see the price action rise to the top of the dotted green trendline right where it meets the blue fib retracement line. From there we are less than $100 away from the purple descending wedges projected target line. Once we hit the blue fib line be cautious as we may see a bit of a bounce down as it will likely initially act as resistance a few times before it is flipped to support....another exciting development is that we are quickly approaching the 100SMA which we have not been above in awhile...the longer we can start to close candles above the 100SMA the sooner the 50SMA is once again above the 100SMA which always signals that the upside is the path of least resistance...once we once again have the 50 above the 100, and the 100 above the 200 fora fe closes we will have a very healthy bull market once again. Good to see btc going super saiyan again just in time for Q2. Also good to see the alt coin market picking up again...2 of the ones I mentioned a few ideas ago that I just added more to my position on(aragon and siacoin) had a very good day today so hopefully some of you may have seen those on my list and picked some up as well.
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