BTC update after weekend manipulation
who would have expected but over the weekend, a lot has happened. On Sunday, the biggest shift ever from long to short has taken place within minutes, the uss / shorts blew up in a matter of seconds, and definitely someone with cash without margin has shopped and is likely to usher in a sharp drop in prices this week. There was no indication of the price increase over 7200, all indicators and the entire market are and were bearish, I assume that this price increase was only there to liquidate short positions so that now again many people get in long position (thats what I call market manipulation) cause on Sunday the whole market volume changed back within 2 minutes from 55 % long positions to 44 % long pos. which was the long position percentage before manipulation. I´m still bearish and I am waiting for the court ruling from India as well as for the various ETF decisions. We are at the 61,8 fib retracement zone which is really strong resistance, daily RSI is nearly overbought, MACD still bullish. We´re now above the ichimoku cloud which is a strong bullish signal, if the cloud turns green and we stay for days above this cloud the first and real rally in 2018 could start, otherwise we could see a new ATL for 2018. Lets wait for a trend confirmation in the next days.
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