Whales are trolling Traders...massive Market Buy and Market Sell orders all happening out of nowhere within 5-15min time-frames (with kinda weak Bull follow-through).
Shorter-Term TA is tough right now, IMHO. For instance, strong Bear signals and patterns are getting turned-upside just as that Bear pattern is about to complete.
I think Whales are intentionally, and simultaneously trying flush the Bears' Shorts out and lull in some Bulls. Then some time within the next week or so, they'll probably smash it down to circa $6500 or lower, and then it'll rocket to circa $11,000. This is obviously speculation.
I'm long on BTC right now, but damn, I'm watching closely indeed. I still don't feel we've created a solid base/support over this past week.
The are DEFINITE Bull signals, but above I've pointed out some POTENTIAL Bear signals...a case can be made for either direction I think.
Good luck out there! And if you have any constructive thoughts, I'd love to hear them :-)
Let's make some $$$
Shorter-Term TA is tough right now, IMHO. For instance, strong Bear signals and patterns are getting turned-upside just as that Bear pattern is about to complete.
I think Whales are intentionally, and simultaneously trying flush the Bears' Shorts out and lull in some Bulls. Then some time within the next week or so, they'll probably smash it down to circa $6500 or lower, and then it'll rocket to circa $11,000. This is obviously speculation.
I'm long on BTC right now, but damn, I'm watching closely indeed. I still don't feel we've created a solid base/support over this past week.
The are DEFINITE Bull signals, but above I've pointed out some POTENTIAL Bear signals...a case can be made for either direction I think.
Good luck out there! And if you have any constructive thoughts, I'd love to hear them :-)
Let's make some $$$