a breakout of the triangle or the weekly 20 MA which is WMA 200 on the daily can be bullish or bearish.. we have very similar almost identical breakouts from 2013 with opposite outcomes..
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I am more inclined to the bullish breakout as long as no mt.gox like incidents..the long boring accumulation would be in the 9-11k area..
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however a prolonged selloff or bust in the stock markets would heavily effect the cryptocurrency market as it happend at the start of the week.. which led me to question the whole purpose of bitcoin as it meant to be a safe heaven like gold..
I compared thh massive selloffs /crashs of the stock market starting from 2010 and bitcoin took a hit at each of them..please do check yoursekf also ..
Yup, I think the gods of the market will hit the Tether autodestruct button after the next ATH.
RealMcafee
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It's funny you mention, stocks and Mt.Gox ju
RealMcafee
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@barclayjames, ...on same day as Mcafee spreading pointless Binance FUD and Bitcoin Cash pumping (just before crashing and money flowing to still cheap BTC). Been through this last summer.