zhsloe

BTC Gameplan for Coming Weeks

zhsloe Updated   
QUANDL:BNC1/BLX   BNC1/BLX
Judging on volatility pattern, blow-off top in running volume pattern and possible liquidity shortage due to regulation issues in China, market conditions on bitcoin are changing. Knowing bitcoin history one can easily deduct that such conditions are going to be very attractive for acccumulating BTC as it is going to get a relatively cheap and even riskless asset.
Looking at the chart one can see an obvious pattern that has already appeared a few times at this market and is likely to be forming right now as long as BTC is not fundamentally changing itself.
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