I am predicting sideways movement in the 10.3-10.7k region, as an extreme.
If I'm wrong, I will buy myself a NEO.
Unless someone shorts the market heavily (whales/financial institutions, which they already have), I do not see us moving from this price range too much, +/- $200.
It is not in the best interest of whales/institutions for BTCUSD to break out of the downtrend; the cheaper BTCUSD is, the easier it is to manipulate.
Notable alt coins this week:
NEO (Airdrop 1 Mar. 2018)
ETC (Airdrop 2-3 Mar. 2018? not sure)
NEBL - Continued consolidation on the fib retracement line
If I'm wrong, I will buy myself a NEO.
- Fib adjusted speed resistance fans from peak to trough, trough to peak, intercrossing above BTCUSD to create heavy resistance at 10.7k
- The last time we broke out of the downtrend, we got shut down hard. I'm sure any bullish whales are aware of that fact now
- Volume is lacking, Longs vs. Shorts don't show anything substantial
Unless someone shorts the market heavily (whales/financial institutions, which they already have), I do not see us moving from this price range too much, +/- $200.
It is not in the best interest of whales/institutions for BTCUSD to break out of the downtrend; the cheaper BTCUSD is, the easier it is to manipulate.
Notable alt coins this week:
NEO (Airdrop 1 Mar. 2018)
ETC (Airdrop 2-3 Mar. 2018? not sure)
NEBL - Continued consolidation on the fib retracement line
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)