DropDead_Fed

Retest of ascending trendline for BTC and next lower target

Long
BITSTAMP:BTCUSD   Bitcoin
If we can't hold this trendline, then I suspect the low volume is everyone waiting to hear outcome of tuesday regulatory mtg - this is common in stock market ahead of a big fed/other mtg and much of the new volume will be driven by more sophisticated investors I think going forward until bitcoin has another parabolic run, then all the masses come out to FOMO in. So if we drop, I think we may play out up to 5 more weeks of chop action on weekly TDSA and we could see a test of weekly 50 MA.


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