Money Man has been patiently waiting to adjust his boxes and it seems that the time has eventually come. There are so many chances for BTC to sustain its current uptrend that the chart is getting crowded by Red Targets. This obviously points to the amount of support it has built over the last while. Green Targets remain sketchy, but this consolidation has forced Money Man to make corrections in that department as the chart has been painting a plot.
Things are truly heating up and more distant Green Targets have emerged from out current situation. We have gone through yet anther order book clear out as indicated by the red ovel over price and this again has diminished the importance of volume within the bounds painted by it. We have also moved sideways through the wall of our short-term uptrend and now the question is if we are to build another or fail through the sidewall back to a Red Target.
The media is abuzz with news as to the buying of BTC by institutions and big players, countered by rumours of whales sending their crypto to exchanges. Money Man feels that it is easy enough to send crypto back and forth to create a rumor but buying of crypto by institutions and their proof of this is less likely to be false. Regulation is in the air again and this can be seen as a long-term positive as can the talk about being able to short and long on Wall Street.
Conclusion: This consolidation is running out of time and a move out of it is bound to have the exchanges take strain. Step right up and put your decisions on the book for if things freeze up. Pump that calculator. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Things are truly heating up and more distant Green Targets have emerged from out current situation. We have gone through yet anther order book clear out as indicated by the red ovel over price and this again has diminished the importance of volume within the bounds painted by it. We have also moved sideways through the wall of our short-term uptrend and now the question is if we are to build another or fail through the sidewall back to a Red Target.
The media is abuzz with news as to the buying of BTC by institutions and big players, countered by rumours of whales sending their crypto to exchanges. Money Man feels that it is easy enough to send crypto back and forth to create a rumor but buying of crypto by institutions and their proof of this is less likely to be false. Regulation is in the air again and this can be seen as a long-term positive as can the talk about being able to short and long on Wall Street.
Conclusion: This consolidation is running out of time and a move out of it is bound to have the exchanges take strain. Step right up and put your decisions on the book for if things freeze up. Pump that calculator. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Previous BTC contribution
Comment:
Seems we are forming a chart pattern now. That would inform Money Man's next plan of action.
Comment:
Next BTC contribution
