It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area again, they will be extremely WRONG.
Careful! Trading. Don't overleverage, if you want to short it wait for weakness. Wait for Tether Dump to be over and then you can short safely. For now this pump is solely based on people selling their TETHER for ofc BTC :) Withdrawal then BTC send it to a REGULATED exchange and cash-in.
I think the bearmarket could be much longer. Way more people involved now. So many more people going through pain from Dec 2017 top buying. Every bearmarket has been longer, followed by longer bull market. But we are in bear now and could very well just be in the middle of it.
SpawnyXBT
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@Universe, Well said. I couldn't say it better. We are in an "Anger/Relief Pump" right now. With Tether & Bitfinex fraud unfolding this will have more serious repercussions.
ZtCedric
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@SpiryXBT, totally agree with both of u
CryptoSwindle
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"all your bull money are belong to us kind sir" :)
jasonroy40
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Its Tether tanking that is driving people to think that BTC had broken critical levels and then they take their money and go on all the exchanges and but more. You are right my friend. Big correction will happen and then capitulation to the 200weekly maybe? I hope so!
SpawnyXBT
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@jasonroy40, yes Exchanging Tether to Bitcoin in order to get RID of that cancer. Once Tether will get shutdown eventually / persecuted and prooven to the world what scam it is. After that will come aftermath.
Safe_Signal
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Please take a look at our idea and let us know what you think!
SpawnyXBT
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@safesignal, Good ideas :) so far they look on-parttern.
ZtCedric
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plus NVT signal which is red also .. all these indicators are at the very top some even more than we were at the peak in December 2017 it's really unusual totally agree
Tether might very well be the thing keeping the price up with potentially more upside even .. these people that scream that the bull has started need also get rekt some more as if its this easy.