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(Kitco News) – The Bitcoin-US dollar is weaker at the start of US trading on Monday. An upward trend in prices on the daily bar chart has been reversed to suggest that a near-term market high is in place. A bearish pennant pattern has now formed on the daily bar chart. Bears have momentum. Stay tuned!
By Jim Wyckoff
For Kitco News
Follow @jimwyckoff [email protected] www.kitco.com
Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.
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