BTC - A lot going on in this chart Bitcoin / U.S. dollar BITSTAMP:BTCUSD BitcoinBearSlayer There is a lot going on in this daily chart . The price has bounced off the 140 day moving average (20 week MA) as well as put in a green engulfing bullish candle. If this is a 5 Wave move North wave 2 came down perfectly to bounce off the 78.6 Fib which is very common for wave 2. If all of this is indicating a bullish move the price could easily meet or exceed $14K before all 5 waves are complete. If we get one or more daily closes below the orange moving average then all of this is invalidated as it throws cold water on everything I just discussed. Good luck! Still long :0) BBS Out.