ChartArt

Untangle the Bitcoin angle

Short
BTCCHINA:BTCCNY   None
7
A harmonic angle shapes the Bitcoin price trend since years. The angle ends in January 2017 at 5000 CNY: A breakout to the downside would signal a continuation of the downtrend (red arrow). If the price stays above the blue line it could lead to a very strong uptrend. This is currently less likely, which is why I decided to post this chart not as neutral, but as short (bearish).

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