SentiMike

Near-Term Trend / Short Term Support Cross

Largo
BITSTAMP:BTCUSD   Bitcoin
Short term buying support has been steady at the $16000.00 mark since the 11th of December. The near-term trend support level has just crossed above out STBS level at 16k. I view this similarly to a simple bullish moving average cross. Look for opportunities to buy around, or just above the STBS line, with a sell stop around the Long Term Support level (currently $12900.00). This is a long term buy & hold trade. Look at exit if the market makes new all-time highs.
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