Bitcoin has reached Decision Time
Decision time for Bitcoin. Technically speaking we need to wait until the week is over before making a call on the weekly candle in play. But you can easily see the bridge in the road from my chart. Will Bitcoin break lower? Or will it advance once more? My heart is on a reversal higher but I almost never guess it right. I rely on charts to tell me but this one is not quite ripe enough to make a decision with. Not yet. Lets see what the end of the week holds for us.
With that double top in place and all the euphoria around what The Donald has done vis a vis the Bitcoin reserve topping for now is very likely. We take out 73K it opens 50 then 43. One thing at a time. Much higher over time though.
Bitcoin is up 4000 dollars since my chart was drawn. We have been answered with a strong bounce right out of the starting blocks.