NeoButane

BTCUSD - I'm right, we're going sideways, buy alts

BITFINEX:BTCUSD   Bitcoin
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.

  • 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 :)
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