MichaelWallat

MichaelWallat

I feel like lack of OI has caused them to mark price up. Major selling has given them room to continue up higher here, but look for a flush at some point even if the day even if price continues to rise for a few hourly candles into the NY session. Not FA.

MichaelWallat

This trend line I'm pointing out is impenetrable as of now. I'm not sure if this level is written into the algo, but with the global tensions and the low volume this thing is Superman. I think the market maker is doing a slow burn to around 37.8 then they will reassess the global tension situation. Look for one of the first waves down to happen soon. 38 728 is my...

MichaelWallat

Barring any negative geopolitical news, I think we have a second leg of a W formation forming here. I think BTC was forming a solid base and looking to mark up until the recent negative news. I'm actually surprised price didn't go lower. Watch for volume and wait for the move but if price clears my "launch pad" trend line with volume there could be some fireworks...