BULLISH BITCOIN
A few weeks back I questioned whether the bulls were back. They are now.
I'll get to the point. Look at the graphs below. It's the same ones I have used in my previous posts. If there's anything you can conclude from some of my other posts what do you notice? Here's a hint: moving averages and resistance.
Still don't know? Fine, I'll say it out for you.
We've now had two closes above resistance for bitcoin and the shorter term moving averages are above the longer term ones. I didn't really have resistance plotted for my overall market proxy, but the shorter term moving averages are also above the longer term ones there too. As for ETH, if you haven't bought back in yet, I'd suggest you do since it looks to be going through its characteristic accumulation phase where prices stay relatively stagnant for a while before a huge run-up. I can't really tell you what's up with NEO though. It's always been an anomaly, but the worst that could happen as far as I can tell is for it to fall to a little under $106 before moving upward again.
Essentially what I'm saying with this is: the markets are back. Don't expect a super run upwards for the time being, but expect a steady rise. Patience will reward.
fingers crossed
Evidently, the lack of volume kept that anticipated bullish move from working out. The significant fall in ETH and NEO was completely unexpected. I apologize if my sentiments caused anyone to take bullish action; I did.
But again, patience will reward.
Especially as volume returns.
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