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Goldxer
Dec 19, 2017 12:52 AM

Breakup or breakdown for BTC?  

Bitcoin / U.S. dollarBitstamp

Description

BTC has formed another pennant as part of its bull market. Watch the 9 & 20EMA lines for crossovers. A breakdown would indicate the long-awaited retracement has started without the expected US20,000 target being reached. No sign yet of feared "manipulation" by the futures traders, who, as one observer noted, still have to get used to this market.

Comment

Now this looks like a breakout upwards. Another push for 20k?
Comments
martinmai
i have a feeling its gonna go down.
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