MoonTrader
Long

The bear market will continue, but a retrace is imminent.

BITSTAMP:BTCUSD   Bitcoin / Dollar
117 0 3
The market has now broken every single upward trend line imaginable. The next one is nowhere in sight, so this downtrend may continue for quite a long time. That said, I expect a retrace sometime this week to the upper red downtrend line in the same way it did after the China bubble. Time is running out for the bears to go much lower before an inevitable recharge.
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