Bitcoin Tore through Resistance
Well, Bitcoin tore through resistance easily this morning. Readers will remember that the weekly chart we looked at a couple days ago was sitting at the 2nd arc of the 2nd pair, and the end of the 1st square. As end-of-squares is often a time of reversals or accelerations, I was concerned a reversal might be lurking. But the arc was disposed of easily, indicating that the long term trend remains up until at least the next arc at $1000+. The daily chart was sitting just below 5th arc resistance yesterday. Price has penetrated through to the sunny side of the arc pair as of this writing, and....
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