Broken Arrow!

11 Apr 2019

After having a short/"negative" outlook on bitcoin for quite a bit now, recently I switched my outlook to long over the short term. That did not last long. The flag pattern did not pan out. Overall, the recent developments still look good for BTC in the long term. It broke the long-term downtrend on high volume and it reclaimed the 200 MA. If it doesn't set a new low, we should be in good shape. But, in the meantime going back to a short outlook for BTC ... at least for the short term!