Looking at the day chart, it looks like KMD has been accumulating for the past few months, establishing a very solid support line.
Been bouncing off that support line for weeks now.. Looks due for another rally any time soon.
First target around previous resistance of 39k, then 56k, then around 70k.
Personally would set SL at 22k.
I generally use these indicators, all are showing pretty strong buy signals.
Volume is increasing as well. Looking like it's getting ready for another bull run.
Looking at previous trends and rallies, I have noticed a retracement to around the 50-61.8 regions, with the last correction falling between 38.2 and 50. This, coupled with the fact that BTC/USD has seen a parabolic growth seems to suggest that we will be seeing a correction soon.
I am expecting a correction to either between 38.2 and 50, or 50 and 61.8, due...