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RE: New Bull Run / EOS Not A Blockchain / Government Theft Plan

in #crypto6 years ago

re: Bull Run, in addition to support and resistance, wouldn't you also take a look at the trend line of the last few highs, and see that the recent price action broke above it?

ie,
BITFINEX: BTCUSD, 1D chart
paint trend lines - pick any of the previous peaks
notice how the recent 6400 price peaks above all of these trend lines

Add to this all the other intangible "support"

  • All the news of the last few months that normally would budge price but hasn't - that will remain as "support"
  • WBTC
  • RSI 14 is approaching 50 and rising - look back over last year and see every time this happened, btc price rose signficantly

at least, that's why I think there's good evidence of bull run. I have more I may put into a post of my own.

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