CryptoTraderMark10

Bitcoin on the cusp of doom or glory...

BITSTAMP:BTCUSD   Bitcoin
Weekly chart is providing the cleanest and clearest picture. Green line is 50 EMA. See how price and market cycles have interacted with it and how it has been the gatekeeper of bull vs. bear markets since the genesis. We're sitting on it right now and also coming up to the apex of this massive triangle. AND - very notable that overall volume has steadily decreased since the late 2015 price surge to $300+ dollars. Odd. And concerning. If we break the 50 EMA, then it's not unrealistic at all to start calling for sub $5K prices. But if we hold it, this could be the last really good buying opportunity.


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