DavisHudson

looking at the big picture using btc bull history

KRAKEN:BTCUSD   Bitcoin
I'm basically waiting for price action to rise above mentioned moving averages on the 4hr chart,and then making a large move upward. However If we break above those moving averages but have a short lived breakout above them, and we start to reverse to the downside. I believe we are going to be very bearish. However if we recover above the averages and make a big move up and repeat like the last bull market, i will be very excited to see where this bull market takes us.
With that said, how are you all leaning? Everyone is saying 8500 but i wouldn't be surprised if btc makes a move up while everyone is waiting for 8500. We hit 9100 which is pretty close to the price everyone is watching, chances that we hit the target all eyes are watching might not be very good. btc may be making a double bottom and move above mentionsed averages in the future. lets see how it plays out.

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