GMOTruths

2 Months Ago, BTCUSD "Reversed" from 6k to 11,000. Explain?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Two months ago, BTCUSD             “reversed” from 6k to 11,800. How do you analyze that? A big bounce with continued, runaway momentum? A right shoulder?
Comment: My doubtful skepticism at last week's bullish optimism seems to have been confirmed.

We might test that lower trend line touching around 6000.
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