Update to the update

2019年4月25日

After a long time of having a short sentiment on BTC, as my posts show, lately one could say that I've been "flip flopping".I went short-term long, then short-term short, then neutral. After such a protracted downturn one tends to question the plausibility of that which one has been hoping for. The end to the pain. As stated before, the truth is that the 200 MA was regained in strong fashion. Volume significantly picked up the last few months. First after the the break from 6k and the subsequent run to the low $3,000s. Volume has remained relatively high. As it approached the long-term downtrend line, it burst through it with strong volume. Support now is at $4200. BTC could head that slow and it would still in bullish territory. I know, it would be hard to take that much of a dip! And it is prudent to question whether this is some type of bull trap. But you have to go with what you see. So i'm going long!