BITCOIN LONG TERM OUTLOOK
Long term trends in Bitcoin continue to remain bullish. Price action is maintaining its constructive formations and continues to move up. Long term holders of bitcoin can maintain their current allocations. New positions can be built and legged into as the price targets are above current levels right now.
BITCOIN MEDIUM TERM UPDATE
Medium term trends in Bitcoin continue to remain bullish. Price action is primed for swing traders in these zones. Our confirmation indicators are confirming the current trend which can help give traders the green light with more assurance. The only thing to be aware of is price levels in and of themselves as old support can now become new resistance and we are there. Traders will want to consider mroe short term oriented trades.
BITCOIN SHORT TERM VIEW
Short term momentum right now is positive. Internal intraday metrics to weekly measures are showing that bitcoin is picking up and maintaining its current velocity to the upside. Short term weekly swing trades to high quality intraday pattern alignment with the current momentum has an increased probability of success.
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network