observation : as expected, the healthy correction is over & reversal is taking shape. price should jump back inside the 4hr band fairly quickly & consolidate
I believe BTC may test 12k area and if it stands solid the further price rise will continue.
After such a surge in price I believe BTC may test some support area. I prefer short position at the moment.
OBSERVATION : Rocket emojis in your mind? Well sure market is bullish, but a short term dump is possible here IMO
OBSERVATION : So as expected, 6hr bullish indecision (rising wedge) failed, to give us this solid structure. This was necessary to induce confidence for the next leg up. Now expecting reversal.
OBSERVATION : Only Short Trends are forming, quick pumps & dumps indicating bullish indecision. This structure needs to fail to induce enough confidence for the next leg up.
OBSERVATION: so we had a wild run & looks likely we gonna chill(avoid dumping) for a while. If the channel is respected, it will keep the trends short. It has a 5% width tho, which is enough to catch a couple of good 1% trades on high leverage, but caution is advised.
OBSERVATION : So as expected, we hit that pink like, we also hit the 12k mark. Took many good high leverage trades in this run. Now expecting bounce from the 6hr Lower Bollinger Band. Larger Outlook = Still Bullish
So everybody has been seeing the obvious spoofing the last few days on bitfinex. So they may be getting ready to pump it to 6840 to go after the shorts that are holding strong and continuing to increase their position. Or they positions may have been forced so big that we will now see the breakout we have all been waiting for. It’s up to the authorities to be...
I think exchanges like BITSEVEN are manipulating the market in order to eat leveraged buys and sells placed on their exchange. The cloud here clearly shows manipulation of the markets. We were in a clear downtrend until too many shorts were placed then suddenly 25 billion enters the market and surprise they force the market up to close out leveraged sell orders...