JamesBrown

Bitcoin sitting on the long-term trend line for the past week.

Long
BITSTAMP:BTCUSD   Bitcoin
This chart looks eerily similar to silver's monthly spot chart, to which I'm bullish on too.

In both cases we had a "bump-and-run" pattern that slowly came down to the old trend-line off of the parabolic high. Obviously, bitcoin's case happened in a much shorter span of time, but the fundamental pattern is close to identical (take a look for yourself if you don't believe me).


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