BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We have been on a long established uptrend described by the pitchfork delimited by the two last peak and trough. The approaches to the limits of the median are accompanied by an MACD signal crossing. This time seems to be the same and in order to keep on the lower channel, some correction is required. This doesn't invalidate the long term uptrend, but some short term downhill is possible.
I still believe new year's gonna be THE time to watch closely.
We've been out of the channel for more than 10 days now, it could be well the beginning of a new trend.
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This idea proved to be quite useful. It is possible that we keep with some more down force for a couple of days before resuming the uptrend.
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