The trend

The longer term trend on BTC.D is bearish. Though it has gone a bit higher the I originally expected filling the gap previously left on the chart around May. I am now focusing on alt coins. I think a weekly close above this green trend line is unlikely. I am starting to see some altcoins make large double digit % gains in 24 hour periods followed buy loosing some of those gains the next day. Which also seems like a good indicator after most alts have been slaughtered for months.

For educational purposes not financial advice.