JBeardsly

Still in the Major Channel

BITFINEX:BTCUSD   比特币/美元
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Despite breaking upwards out of the minor channel, BTC is in a downtrend in the big picture, well within the Major channel boundaries, still. Ups and Downs are normal. Despite going up in the short term, we are still not out of the woods yet and I would say we have another leg down before breaking out. A TON of hype lately online, but when they hype is over we will see if Bulls are back or if it was a Bull trap. Seems that social media and news are trying to push the public up and it seems too 'Forced" and big money doesn't seem to be flowing. driving the price up out of the correction. I'd be cautious getting back in now - But the dips and hodl. Trust the TA.
thanks, well put
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