Bitcoin Price and Lessons From Japan

Bitcoin Price and Lessons From Japan

The Asian morning session has pulled the Bitcoin price below the weekly pivot level at $476. The question is what the European and US trading sessions will do with today's chart. If the market wants to take a stab at the $412 target, then today presents that opportunity. With each downtick, the conditions increasingly favor a price-rocket ignition spark. Update 17 Sept 13h15 UTC. Just to correct the BTC-e chart from the last update below. I had drawn the Fib Extension tool to show a target at $455 - which was a reaction level - but more correctly the wave target was at $452 as shown in....


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Quotes

For much of history since its beginning in ancient Egypt, the essence of cryptography—which takes its name from the Greek words for “hidden” and “writing”—lay in encoding language to keep a message secret.

Paul Vigna, The Age of Cryptocurrency