As mused in the most recent column, it seems that the 2/20/17 timeframe was, in fact, an acceleration. A couple hours ago Bitcoin jumped close to $40 per coin. It hit resistance at 1093, which of course made me wonder if $1100 might be a swing high. However, I note that the weekly bar, now only a single day old, has punctured the 3rd arc pair of a bull setup from the Aug 2015 low. Of course, there are still 6 days to go before the candle closes, so this does not qualify as a buy signal on the weekly chart. But still, it is rather bullish…
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Link: https://www.cryptocoinsnews.com/bitcoin-channels-its-inner-energizer-bunny-in-rampant-run/
Topic: [2017-02-21]Bitcoin Channels its Inner Energizer Bunny in Rampant Run (Read 218 times)
February 21, 2017, 03:08:56 AM
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