ChartArt

Unease after the Bitcoin squeeze

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
257 0 4
Bitcoin is in a massive squeeze which will result in a very big move once the price breaks out. The direction is still unclear so I present two scenarios.

This is scenario A: The bearish break-out.

In this scenario the price keeps on moving even longer in a sideways move and slowly starts to decline, with a crash towards the end of 2016.
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