PolarHusk

BTC/USD (Bulls Won Short Term?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD

-bitcoin bulls won the short term game today
-as the price broke finally above the trendline resistance
-also manages to give back above 200MA on 4H timeframe
-now, for BTC bulls to continue. They must protect the support at 9200 range
-because this level is important in the short term market view
-the next level to watch for the upside resistance is between 9600-9800
-let's wait for the daily candle first to see if Bulls can maintain this win
-on the other hand, Altcoin will start moving again as BTC will continue longer sideways
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Comments

All BTC is doing now is filling gaps for the CME whales. Up, then down. Nothing more. That kind of move used to take $120M before March. Now it simply takes a 1/4 of that because of decreasing liquidity. They've squeezed the shorts to fill a higher gap up around 9700. Then they'll squeeze the longs and ride down to free someone else from a gap.
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after a month it went up a little.. I think 9300 is important to see if it will run since 9200 is support and should not be hit if it was getting ready to run. Lots of naive people with money in this. I see big bids but nothing the last month except to sell.. This would be like the 10k run because after they are all bought up the rock falls into the river..
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