After an incredible 7+week rally in Bitcoin, from $3700 to above $8000, the current price action is setting up for what may become an extended Pennant/Flag formation with quite a bit of sideways trading ahead. Our researchers believe the past 7+ weeks rally in Bitcoin was prompted by a shift away from...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
05-27-2019
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Filed under: bitcoin, China, US, rally, trade, btc, trump, sideways, pennant, xrp, talks, flag, eth [Edit Tags]
Today's OTB features an excerpt from my friend Vitaliy Katsenelson's recently published The Little Book of Sideways Markets . Vitaliy is CIO at Investment Management Associates, a value investment firm in Denver, and he is a prolific and engaging writer (you can find and subscribe to his articles...