Bitcoin Bullish Breakout Happening Right Now

June 17, 2015 11:53 pm Published by 1 Comment

I was a little off

After I made my last Bitcoin price prediction on May 21’st, the market decided to take a plunge downwards instead and I have to admit- I was a little disappointed when I realized I might have been wrong about the whole thing with the NYSE.

Gradually gaining strength again

Bitcoin Bullish Breakout Happening Now June 2015I’m glad I didn’t close my long position then and there, because it seems the plunge wasn’t really a “plunge” at all. The market was simply getting ready for a very big jump instead!

It started out slowly on the 8’th of June, 2015- A strong and juicy bullish candle finally formed after five days of confusion and sideways movement.

Then we had to endure three and a half more days of sideways, slightly upward movement when finally, on the 16’th of June, a spectacular white candle filled with enthusiasm itself was launched into orbit.

It won’t stop there

Such a big move is definitely going to change the game. I mean look at it– can you really resist entering a long position after you’ve seen something like this happen right before your eyes?

There is a resistance level worthy of mentioning around 254.206. This is going to be our target for the time being just to be on the safe side, but once it’s broken, a whole new game will start- a game that we haven’t seen for four months around the 262.395 USD per Bitcoin.


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This post was written by ynef