01 October 2019

The Coil Strikes Again... In Bitcoin - The Art of Simple Trading

A couple of weeks ago I noted and posted about a nice coil pattern setting up in the Bitcoin/USD pair.  I said then that an explosion in 1 direction or another was imminent  (I thought higher, but said it could go either way).

As this weekly chart shows, the coil didn't lie...  

For those keeping track, that's a 20%+ move...