TheAlchemist888

BTCUSD - Sky Seems Clear

Long
BITFINEX:BTCUSD   Bitcoin
All news come at a time of resistance and support. It is very strange to experience this.
I believe there is massive manipulation happening all over the exchanges.
I see fake volumes being created by bots.
If you follow Binance you may see in many high volume coins there are 1-2 satoshi buys and sells. As traders we are not able to do trades worth less than 10000 satoshis. This is happening continuesly if you check HOT or TRX.

BTC will retest resistance soon which is around 7150. Looking bullish for a few days but still in a downtrend.
If it breaks the current support 5300 area is the next support.

Be careful out there, always put a stop loss and do your own research.
Comment:
BTC turned up however the resistance is strong now.
Trade active:
FINMA today gave a license to a crypto asset management firm to act just like traditional asset management firms! This is huge news!
If this is not affecting the crypto sphere nothing ever will...
I believe in the coming weeks, lots of institutional money will flow into crypto and give us higher market cap.
Afterwards, all bottomed out coins will be gaining benefit from this situation. Enjoy the ride!
Trade active:
Did not expect a pump this much but yeah amove upwards was definetely expected.
Hope this will start the bull run for the coming few weeks hopefully months...
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