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Dr_Futures
Mar 20, 2018 6:00 AM

BTC is still very weak Short

Bitcoin / DollarBitfinex

Description

I have one problem with BTC: yesterday at about 7350 we had good news "G20" and BTC rose from the dead, except it didn't. From yesterday to today only retail volume bought the news while institutional money was still bearish. Momentum suggests that bulls have been flushed out and a reversal is imminent. In other words bulls need a real influx of money to keep them alive "institutional money that is".
Comments
raydar07
We went through this the last time we dipped into low 6's, remember? We will eventually climb back up. We're headed for 11,200 then back down to 6k for another bounce to 10,400 then down to 4,500 - 5,000. That will prepare us for the May breakout which we have all been so diligently waiting for. GL!
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