Bitcoin Update - September 14, 2018

A Quick Bitcoin update.

Since May of this year, Bitcoin has dropped from the 10K resistance, and rebounded twice to touch the golden ratio Fibonacci levels of 61.8% and then 38.2%. I guess that's expected behavior in a downtrend, and doesn't seem out of the ordinary.

Looking at the chart, I guess it's convenient that we could reach the life-long base/trend line (diagonal orange line just visible at bottom right of chart) in late October, and then start an end of year climb like analysts are calling for. We're looking to see a breakout before then from the wedge (or triangle if you tilt your head a bit), probably before September is over.

Thanks for reading. Shares and comments are always welcome.