TenaciousJ

Bitcoin reversion to the mean

BITSTAMP:BTCUSD   ビットコイン/米ドル
See the graph for my thoughts on bitcoin's current pattern of price action.

Summary:
If we don't extend the sideways move of BTC for a substantial amount of time, a week or two most likely,
then we will probably see a reversion to the mean pull BTC back to the 100 EMA sooner rather than later.

That price is currently $8,708, but is rising with time as the exponential moving averages converge back to current price valuations.

Stay frosty my friends.

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