Just putting this out there for public record...
The current consolidation shows Bitcoin is gearing up for another move. Question is which way?
If Bitcoin breaks 43.6 on a spike in volume expect it test the 49.50 high. If it breaks 49.50 on volume then expect another surge of at least 5-10.
Alright I said it. We'll wait and see.
Hold on tight... we are in the distribution phase, and we are going to see wild swings for the next few weeks. Too bad there isn't an options market for BC yet.
Sage,
P.s. If it breaks below 40.8 on volume, all bets are off. It's going to make a correction, then likely rebound quickly. Who knows where after that.
P.p.s. This post is just for fun, and not to be construed as trading advice
