2 Months Ago, BTCUSD "Reversed" from 6k to 11,000. Explain?

Bitcoin / DollarBitfinex

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⋅ 14 Th04 2018 21:41

Two months ago, BTCUSD “reversed” from 6k to 11,800. How do you analyze that? A big bounce with continued, runaway momentum? A right shoulder?

⋅ 26 Th04 2018 03:13

My doubtful skepticism at last week's bullish optimism seems to have been confirmed.

We might test that lower trend line touching around 6000.