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BTC WEEKLY CHART "The Panic Zone" - Historic Trend Break

BITFINEX:BTCUSD   Bitcoin / Dollar
129 1 3
A confirmation of a change in character discussed in the previous report. This is the start of a new uptrend trading channel. Only the 3rd weekly uptrend in Bitcoin history.

We're probably just a few days away from the 3rd Bitcoin weekly MACD crossover. This is also combined with a down trend trading channel upper boundary breach. For one day chart traders, this is final confirmation of a rally that was officially confirmed at the bottom of the second "Panic Zone" support test.

How long will this rally go on? Starting in September, more money has flowed into Bitcoin than any other time in human history. This buying frenzy has dwarfed the volume of rally 1 which saw a 10X price increase.

Mark your calendars for December 26th. On that day the word "Bitcoin" will be spoken on television thousands of times. Millions of people will be exposed to the name and a percentage of those will recognize the convenience of using a crypto-currency for the very first time.

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I'm glad all these Bitcoin ATMs around the world might finally find some use :)
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