TP = 6,300 hit before today's extremely bullish fundamental spike broke every 1D bearish barrier on BTC and even crossed the 1W Lower High = 7,410.3 made in September. With a High so far at 7,704.20, the 1W candle has exceeded +20%, the strongest (though still early) since February. 1D is already overbought (STOCHRSI = 100.00, Williams = -12.030, CCI = 286.1593) and 1W on bullish Highs/Lows = 300.8578, ADX = 23.713, B/BP = 329.5094 since April. There is no trade suggestion at this point as Bitcoin is currently being traded on non-technical factors. Preferably we need to wait for the weekly closing to have a clear picture but the 1D will also give an early direction. Technically though since September's 1W Lower High = 7,410.3 broke, BTC has turned bullish. An update will come when a clearer pattern emerges.
The panic has not set in yet foe Tether and the following selloff to come when the pour into BTC
DAVEREXX
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@Larrycrypto, looks like it ... but these people are just getting out of tether ... wouldn't they be looking for another stable coin?
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Larrycrypto
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@coinlife, yes there are probably audited or trusted coins they can go to. I wonder if this current situation will spill over, Bitfinex get a knock from the regualtors and fallout.