curtmelonopoly

Bitcoin Chart Saying Epic Squeeze Could be at Hand $BTC #Bitcoin

BITSTAMP:BTCUSD   比特幣 / 美元
The squeeze momentum indicator at bottom of chart is looking like it is going to turn up.

The Stochastic RSI is curling and crossing up. What is more interesting on the daily is price was going up recently and the stochastic RSI was trending down. When that occurs it is a very bullish signal that the bulls are holding positions while either profit taking is in play or weak hands. In this instance likely profits. Really bullish signal.

The MACD looks like it may curl back up.

Price is at highs and threatening with the bull horns as I write. Sunday was an aggressive trading day and the machines even made an appearance to get us going.

I also noted with an arrow on the chart a right ear sidewinder set up previous and it was boomtown thereafter.

It looks poised on balance for an epic squeeze. May not happen.... but I wouldn't want to be short right now.
Lead Trader @CompoundTrading • Algorithm Chart Models • Founder • Coach • YouTube http://tinyurl.com/mx9bdox http://www.compoundtrading.com
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