Bitcoin bounce from the levels in the bluebox , I do feel as if it will need to test support around 7500 - 8000 once more before the uptrend continues .
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I won't lie . the Bitcoin pump that's happened over the last few days was unexpected
So you seem to think that it needs to come down as well. Do you think that CME and this future stuff will cause it to go down significantly? Or do you think that it just needs to go down as a natural course?
Thanks
NameIsNeeded
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@icoeyedoc1stock, Before making this chart I took a look at the daily charts , the RSI is ridiculously high ( 80 over a 14 day period and 79 over a 21 day period ) . The last healthy correction happened in November . What we experienced recently was just a flash dump ( Looking at the daily chart ) . I do think it needs to come down again and test its major trendline (which it hasn't done yet ) .
@NameIsNeeded, I can definitely see the opportunity for both of those. EMC2 has a rumor that it was bought by Apple and will announce on Dec 19th...not sure how much validity behind it though.
Thanks