Although Bitcoin flounces around like the ritalin-dosed kleine kinder who trade it, there are no instances we can recall when its hyperactive movement fooled or confused us. It is headed unavoidably to a record 132,743 at the moment, and do with that information what you may. The rally’s decisive penetration of midpoint resistance at 119,996 offers all but ironclad assurance that the target will be reached. A tradable pause is equally likely at that price, since the pattern, although too obvious to depend on precisely, is good enough for government work. Don’t pass up an opportunity to get long at 113,623 (stop 107,249) if BTC should swoon gratuitously.
BTCUSD – Bitcoin (Last:122,205)
