We definitively broke the diagonal trend line, but there may still be hope. The local top gives us a fib level which seems to be acting as support for Bitcoin around $6500. It could be the Wyckoff spring necessary to accelerate the next major move upwards. Further downside is likely is we drop below that price. Otherwise, I'm long above $6500. Proceed with caution.
When fundamentals and technicals align this strong, you wait for a breakout and buy. Consider the recent FUD about exchange regulation and consider 0x (a decentralized-exchange protocol) a hedge.
The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can...