The Bulls Are Loose - Get Ready!

After a long couple months of the market not doing so well things seem to be looking up. Today bitcoin continued to climb after its gains earlier this week and passed the $10k USD mark for the first time since February first. This very well could have been our bottom and we might be on the way up again, hopefully!

Things I pay Attention To

• The mainstream news will often have a certain theme to it during the bull/bearish market. Either the news outlets talk up cryptocurrency and make it seem like its such an amazing thing or on the other hand they will bash it and spread fear, uncertainty, and doubt. Their most common tactic to instill fear is to publish a bunch of articles about banks not liking bitcoin. Well no duh they don't like it! Why would they! So keep an eye on the general tone of news. Lately its lots of good news which is a good sign
• Volume and Trend line. When all of a sudden you see a massive change in volume, its a good sign that something is changing. On February 6th we had a MASSIVE increase in volume after a longgggg downtrend. I had sold some BTC in the 8k range but I re-entered on this day because of the volume increase, so far that has been a great decision but I almost missed it.
• The general trend line - as you can see on the 1 day bars we have seen a change in the direction, at least for now.
  

Of course I am no professional. All of this is merely my opinion based on observation. But if you care to know what it is that I am waiting for next, I will tell you.

I Am Excited To See What Happens When We Pass $12k Again

I am confident that we are going to be seeing 12k within 7-14 days. Maybe we will have some more bad news, maybe we will start climbing fast. Maybe we will have major resistance at 12k, I am not sure but this is currently what I am looking at and waiting for. I hope this helps you in some way. Be careful and good luck to everyone!