This is a picture perfect 2017 scenario that we've been long overdue for. On the way up to the blow-off top in 2017, we touched the bullmarket support band 2 times. We have yet to touch it. The OBV or on balance volume is coiling up similarly, the RSI has been diverging similarly, and the recent price action has been dropping similarly. If there is a time to touch this and get it over with, I'd suggest it be now; however, I think there's going to be too many antsy folks to allow it to drop that far for now. So we'll just kick the can down the road and eat dirt later I guess... So 50k for now then up. And guess what, I'm still longing because 4-5B worth of futures expire on the 30th, and the majority of them are calls, and allegedly they're aiming for 80k. That's a stretch, but hey... buy BTC while it's cheap.
Trade closed: target reached
