Bitcoin may snap back into the channel

2 mai 2016

I think we recently witnessed a price increase that was too agressive, possible fuled by the steam news. Now we are possibly witnessing a price decrease that is too agressive. Possibly fueled by the Satoshi fud, and the Russia banning bitcoin rumor. Eventually for example in two days i wouldnt be surprised to see us back the green channel.

3 mai 2016

Note

We are almost there. Technically we are already in the green channel again, but lets see if it will hold. On a side note, its interesting to note that the aggresive price rise was much bigger than the aggresive price decline. This could be an indicator of the bulls being much stronger than the bears. Which could tell us something about whats in store in the near term.