Here's how it looks on a chart:
Anyway, what does it all mean and what is likely to happen next? The bottom line is that it is very hard to know. While the bargain buying opportunity has passed, the market has struggled to defeat $135 and there is still no guarantee that we will retest the highs. So, if you are already long, batten down the hatches and cross your fingers for more of the same. If you are already long bitcoin and need to convert in the immediate term, go ahead and do so here. Finally, if you are still waiting for a moment to get into this market our advice would be to keep your powder dry for the moment. Other opportunities will come along but for the moment we are trading in no-man's land.