stelakis

gravity and magnets

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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1
Tried to break off its channel but stays "magnetized" by it -as most markets- until something happens. That something has not happened yet. A decisive move up will require a consolidation period. The longer the consolidation period the stronger the next move up or down will be.. We will see..I have a very small amount invested in BTC so I am mostly entertained by its moves from the traders point of view and curiosity. With BTC (as will all -coins) I have very little faith that they will become meaningful staples of our economies for a number of reasons and it is because of these reasons that I do not interpret the BTC charts in conjunction with any fundamentals cause simply such fundamentals are both absurd and lacking... Good luck if you have vested your entire net worth in this or such and have fun if you just trade it for that...fun.... :)

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