BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Buying some time on this idea.

Target is $47k back up to level before major drop expected Thur/Friday. This will ensure maximum volume at the drop for the MM buy.

Best, HF

Comment: BTC currently challenging $52k. I expect a run by the bulls before the drop. I would say that the price action is more bullish than forecast (higher lows, higher highs on swings) which may mean that if the drop happens it may be more shallow.
Perhaps alternatively it could be more severe as the swings might show the bear's strength to control the market?

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Comments

Great work! clear analysis.👍
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