Last week I was able to trade the short upwards trend somewhat successfully;
however, Sat/Sun. the move stopped; most likely due to uncertaintenties of the Mt. Gox case, german gov. dumping its bitcoin and so on.
However, at least the german gov. stopped its selling, and even bought some coins back ($111 mio, which is not a low amount).
Also, last wednesday was the day with biggest ETF inflow for over 3 weeks.
So, fundamentally things are changing and even getting better for bitcoin,
however the chart does not look good (double top, aka Mc Donalds pattern).
Now we are trapped in a range between 54k & 58k.
however, Sat/Sun. the move stopped; most likely due to uncertaintenties of the Mt. Gox case, german gov. dumping its bitcoin and so on.
However, at least the german gov. stopped its selling, and even bought some coins back ($111 mio, which is not a low amount).
Also, last wednesday was the day with biggest ETF inflow for over 3 weeks.
So, fundamentally things are changing and even getting better for bitcoin,
however the chart does not look good (double top, aka Mc Donalds pattern).
Now we are trapped in a range between 54k & 58k.
