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.
BITCOIN SHORT TERM VIEW
Short term momentum right now is negative. Internal intraday metrics to weekly measures are showing that bitcoin is weak and sellers continue to maintain the stronghold. Long term position holders to medium term trend traders should be out unless playing downside exhaustion. However, short term weekly swing trades to high quality intraday pattern alignment with the current momentum has an increased probability to the downside.
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network