The only thing that matters right now

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is what I've been talking about for the last few weeks. We're about to see a three-drives pattern completed within this year-long wedge , and it just happens to be at the exact point where the bottom of the wedge meets up with the long-term trendline.

I'm currently short until we break down out of this small blue descending triangle within the long-term wedge , but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.

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