CarpeMomentum

Bitcoin still in downward trend - Hibernating Bears ahead?

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As I stated Sept. 27, Bitcoin very much is in a clear downward trend on the USD weekly chart. Tellingly the recent massive breakout above the $10,000 range didn't hold on the weekly. The two scenarios are still intact. So either BTC will breakout of the triangle and downward trend or it will be stuck in winter mode and the bears will go hibernate BTC into and maybe through the winter. Alternatively we all get the holiday season gift we are hoping for.

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