BTC Montly Log

Just a long term view on BTC action. As you can see, it is working its way down to the middle of the Keltner channel after constantly being rejected by the downtrend line. Could obviously reverse at any point, but it is likely to meet the uptrend line at some point. We do NOT want to see it fall through the bottom of Keltner as that would be BAD news. It rode the 786 for almost a year last time it had a major correction. I seriously doubt that will happen this go round, but if it does then LOAD UP because the following bull run will be massive. Again that's a long term view and it will not help anyone in the immediate. Just some perspective on the big scheme of things.