Bitcoin has some serious strength behind it right now...
Late yesterday, after bitcoin had rocketed up above $9,200 (from around $8,700 previously), it started to show some weakness.
In a few minute stretch, bitcoin dropped about $200 and was looking like it was possibly going to be putting in a skinny Bart Pattern...
See the red circle below:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
However, instead of that being the second half of Bart's face and bitcoin giving up all of those gains, it rallied right back.
And, not only did it rally right back but it ended up going even higher than where it came from.
As I type now, bitcoin is inching up near $9,500 and showing incredible strength.
Judging by our recent price action I would not be surprised to see bitcoin break $10k sooner rather than later.
Stay informed my friends.
-Doc
To the Mewn!! 🚀🚀
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Bitcoin is great now, with this price swings you can make easy some $
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EMA40 says we should expect sharp climb up... The trend is clearly upward even though BTC is far from EMA40.
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Yep. Lot of technical indicators have been suggesting btc is due for a dip, but btc doesn't care and just keeps climbing.
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I don't monitor the charts daily, but it's pretty clear what day the trend turned upward...
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