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Today is the first day of Summer 2017, the past two summers Bitcoin has ranged in a sideways pattern from June 21 to September 21 before breaking upwards later in the Fall. I suspect there's a better than even chance this pattern repeats as accumulation takes place over the summer before taking off again this fall. If this pattern does repeat I would expect the...

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The past two summers have moved sideways, it could be the same this summer.

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I believe there's a real possiblity BTC is following the same path as in its original 2013/14 bubble on a mega scale.

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I think BTC really wants to drop but for now, there's a crazy confluence of support under it, at the same time it can't generate enough buys to break out of the cloud having bounced off the top twice in the last 18 hrs. or so. I think it's sideways through most of the rest of the day.

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Congrats to those that have believed and weathered the storm.

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Understanding BTC doesn't have a lot of history here but the next $40 is probably going to take some time.

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This chart illustrates how much price positive price potential Bitcoin has if volume returns to historic levels.

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As a trader and trying to leave emotion out of the game (pretty easy since I'm a Blackcoin guy), all BTC did was flirt with a breakout above the wedge for about 2 days on the daily chart and at the same time failed to establish itself above the $431 S/R and fall comfortably back withing the midrange of the wedge everybody's been following for quite some time, but...

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BTC looking to establish itself above support located at $424.75, next major S/R at $431.00

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I was hoping to see BTC break through my first S/R at $416.51, but it keeps bouncing at $416,49, tomorrow's another day and I'm sure the Chinese will take care of it for me/us.

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Shortly after making the turn and breaking the downward trend channel BTC went horizontal for about two days but is now picking up steam as it heads back to the top of this 4+ month wedge it's been working. It might be a little early to breach the wedge top on this pass, it likely bounces to return to the wedge bottom. Time will tell.