ChrisAbdey
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Bitcoin - Not worried about a sell now - Adding to Buy

BITSTAMP:BTCUSD   比特幣 / 美元
I'm very much bull on bitcoin             right now - not only from a technical standpoint, but also the fundamental standpoint.

Strictly from the technical standpoint bitcoin             is crossing above the 9 day MA and she's been hugging the 50 day MA pretty well (squiggly pink line) - The straight blue line is the long term uptrend I've been tracking since last year, so I feel it's fairly safe to put my stop under there. The 200 day MA is still below that (red line) but I don't feel we're going to see that.

The RSI is turning up above the 60 level - the MACD just made a cross up into the positive territory as well. And the stochastic (the funky red and Green lines under the RSI ) are saying we should be due for some more upward motion.

Chart here:


Now, fundamentally, there's lots of things going on in the background that could push bitcoin             higher - Ant is looking to buy MoneyGram - if that goes through I'd expect bitcoin             to make quite a jump. Even if it doesn't happen, there's so much investment in the blockchain I don't expect any sudden sharp sell offs any time soon.
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