Before selling your house and all your gold investments to sink into Bitcoin based on its spectacular 4200 point move over the last five trading days, I just want to put out the yellow flag and maybe cool your ardor if you’re getting Bitcoin horny. Yes, I know its a loveable trade when it soars on wings of gossamer. But it still has a dark side that may be waiting for the Johny come lately who thinks he can squeeze in a midnight kiss and get that last dance with his fave he/she/it/whatever.

Take a look at the chart kids. We have a perfect channel in play. Unless and until Bitcoin shows it intends to go higher you may be wiser to consider standing aside or looking for the reversal play. You know the gal who you get after the bounce when her boyfriend dumps her on Saturday night? Yeah, that trade. LOL