norok

Bitcoin finally overshoots the ATH

BITFINEX:BTCUSD   Bitcoin
It has finally happened as has been clear for the last month that Bitcoin would reach and then, following some volatility to stop out some greedy over-leveraged folk, break it. At this point for those asking me I urge patience and to resist the FOMO. I wrote about this eventuality back in November and cited Gold as the possible model for playing (or avoiding) the false breakout potential. Time puts us halfway through the month of December which means that a MONTHLY candlestick close above the ATH will be our first signal of a sustained breakout wherever it may be.

Patience!

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