ridethepig | BTC Market Commentary 2019.04.12
Updated
With a headline that Circle are looking at sanctioning customers with Poloniex accounts BTC is sent sharply higher above $7,500. As with most cryptos recently, the apathetically weak bulls are shaken off the headline as it quickly settles backdown before continuation from large hands.
Shabby geopolitics and protectionism will continue to be met with a lacklustre reaction and flows into BTC and other cryptos will continue. The West smells of apathy and fatigue, democracy is struggling to get momentum and clients I speak to are ready to react in the short-term.
An update to the technicals here with the Bakkt floor in play:
Here tracking for the catalyst into year end, especially as BTC has failed to break down to any of the trade war headlines in recent times. I will continue to trade the buy side for now.
Thanks for keeping the support coming with likes and comments.
Shabby geopolitics and protectionism will continue to be met with a lacklustre reaction and flows into BTC and other cryptos will continue. The West smells of apathy and fatigue, democracy is struggling to get momentum and clients I speak to are ready to react in the short-term.
An update to the technicals here with the Bakkt floor in play:
Here tracking for the catalyst into year end, especially as BTC has failed to break down to any of the trade war headlines in recent times. I will continue to trade the buy side for now.
Thanks for keeping the support coming with likes and comments.
Note
A good time to update the chart after a breakout... 
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