A Closer Look
On closer inspection, this could just be a backtest of the breakout. It looks (on my chart at least) like the drop back into the dreaded wedge is somewhere around $1274-$1275. As long as that holds, we could see a strong upside move. We all know what it means if it doesn’t. Nice to have some excitement for a change 🙂
That is my take also NS. And I see the same for e.g. XGD.
Nortstar, how is your “crypto stuff” doing ? Did you buy STEEM ? It nearly doubled since I recommended it last week.
I bought a small position in bitcoin, litecoin and etherium. Etherium is up the most – about 30% in a week or two. Up about 20% overall. I plan to hold long term just to see where it goes.