rajeezus
Long

BTC Potential Long position

COINBASE:BTCUSD   Bitcoin / Dollar
With the recent Bullish SEC meeting in the states we have seen some powerful Volume push into BTC! As you can see on the Charts, the MACD has started to curve up and will soon cross over, and the RSI is still very over sold, the Key ingrediant here is the Volume , being the highest it has been in years, along with the positive news from USA. The worst of the FUD seems to be over from other mainstream countries like China, India, and south Korea, ontop of this we have also great News coming out of the EU who are taking measure to becoming the forefront for block chain technologies. I feel with both a combination of the news and strong Bullish indicators done on the TA above, we could see a good recovery. Key areas to look for here is the $9200 (0.236 FIB line), ideally we would like to close over here and find a support level . Any entry point now should have a tight stop loss implemented until we have breached into our comfort zone. Here is my twitter handle for ay recent updates - https://twitter.com/Rajeezuz
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