-Strong break out of descending channel
-Resting on .618
-Will likely backtest the channel first (BTC loves to backtest triangle/wedge/channel breakouts)
-Approaching the 10 year trendline I wrote about in my previous analysis ~$80,000, 2.618. Very interested to see what happens up there.
-Bulls defended the relatively steep 1Y support
-MACD ready to cross over...
The current situation with Oil and the Suez Canal reminds me of an incident in Edwin Lefèvre's "Reminiscences of a Stock Operator"...
1917:
"There wasn't anything to do except to wait for the market to open the next day. I recall that at Gridley's that night one of the greatest captains of industry in the country was offering to sell any amount of United States...