Mr Whaley Stop Hunt update
Updated
I've tightened up on the line timeframes to overlay the traditional SH - note that this is an example rather than prediction.
BTC dropped deeper then my own target prediction of £6,980 but as mentioned, my last SH I underestimated and the drop and it went deeper and I overestimated the resistance after 7k. BTC likes to do things bigger and faster or possibly because of the private coin/exchange take-down news! Either way, there will be some swings over the next few days.
During last night's event I noticed dig volumes of buying on ALTs like NEO and EOS. I'm still bearish on BTC longterm but feeling bullish on some ALTs as I suspect this is where the money will shift once trading direct via FIAT becomes more widespread - Long-term the Market Maker will short the market as deep as it can without breaking the community huddling around the 5k mark and work the ALTs - taking control over ALTs during 2019 to kill that market and pave the way for private investment blockchain companies. Full of cheer today ;) but they are sharks (whales are too.. human!)
I've posted the historical FOREX image of the SH I'm monitoring hardforky on twitter as I can't do it here (?)
BTC dropped deeper then my own target prediction of £6,980 but as mentioned, my last SH I underestimated and the drop and it went deeper and I overestimated the resistance after 7k. BTC likes to do things bigger and faster or possibly because of the private coin/exchange take-down news! Either way, there will be some swings over the next few days.
During last night's event I noticed dig volumes of buying on ALTs like NEO and EOS. I'm still bearish on BTC longterm but feeling bullish on some ALTs as I suspect this is where the money will shift once trading direct via FIAT becomes more widespread - Long-term the Market Maker will short the market as deep as it can without breaking the community huddling around the 5k mark and work the ALTs - taking control over ALTs during 2019 to kill that market and pave the way for private investment blockchain companies. Full of cheer today ;) but they are sharks (whales are too.. human!)
I've posted the historical FOREX image of the SH I'm monitoring hardforky on twitter as I can't do it here (?)
Note
Well, my prediction was pretty accurate in terms of trend, though a little high on price.shame I was away to capitalise on this ::(
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