DanSiebels

Bitcoin buy opportunity

Long
BITSTAMP:BTCUSD   Bitcoin
After an impressive bull run fueled by institutional entry, the beginning of "dumb money" becoming higher volume across the globe, and scandalous federal reserve like schemes, I believe that bitcoin is due for a correction.
With paper settled futures coming out on American exchanges, I believe there will be a lot of volume pushing downward from hungry institutions waiting to have a piece of the bitcoin action.
The analysis presented is using Bollinger Bands, StochRSI, the Moving Average, Volume, and obviously candlesticks. I have used these to calculate potential entry points for purchasers

Enjoy
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