27 Oct '14, 11am

Bitcoin Analysis: Week of Oct 26 (Intro to RSI) #BitcoinAnalysis #price

Bitcoin Analysis: Week of Oct 26 (Intro to RSI) #BitcoinAnalysis #price

Our overall stance is now Long-Term Slightly Bullish, Intermediate-Term can now be considered Bullish, and Short-Term is also Bullish. Regular readers will recall how a few weeks before the big drop to the US$200’s it was stated in this series how this was the scariest charts have looked in a long time, well now we have the complete opposite. Sitting right here on the verge of breaking back above US$400 is the best charts have looked in months. Nothing is ever guaranteed, but the ideal situation right now is to break above the US$400 resistance and make new highs in the US$440-450 range to match the PayPal news hype. Then a pull back establishing a real visual low back at this US$400 zone as it becomes support.

Full article: http://cointelegraph.com/news/112806/bitcoin-analysis-wee...

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