Bitcoin Trading Digest (03/10/2017 – 03/19/2017)

1. Mysterious Long (March, 10) BTC/USD

Before SEC ruling became public knowledge bitcoin surprised us once again by reaching a new all time high and we could all see that mysterious Friday Long. Truth be told that was not exactly a long, it seemed to be a temporary correlation between bitcoin and usd.

If we compare Chart 1 and Chart 2 below, we will see that bitcoin price was going up when USD was going down (from Fri, 10 Mar 2017 12:30:00 GMT till Fri, 10 Mar 2017 13:00:00 GMT).

Source: tradingview.com