Bullish Bitcoin Scenario Valid till December 1st
Been few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above)
A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled:
1. the 1D RSI drops back below the red trend line - to not recover
2. if we fail to move above 385 between now and November 16
3. if we drop below 330-340 (support fails)
4. if the 1D bullish cycle is weaker than its April 2014 counterpart.
A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled:
1. the 1D RSI drops back below the red trend line - to not recover
2. if we fail to move above 385 between now and November 16
3. if we drop below 330-340 (support fails)
4. if the 1D bullish cycle is weaker than its April 2014 counterpart.
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