BTC needs to fortify support before making a breakout to the upside, at least if it wants to sustain upward momentum it is crucial that this level is filled or a potential reversal would send BTC back to the 11k stone age. Patiently fill that gap, yes I am biased I have spy puts open.
Valuable analysis, but I believe that this is just the beginning of the increases on bitcoin
kibakilla33
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@InvestMate, I believe we'll go back to all-time highs and greater, I just think a stabilized floor is very necessary to minimize the effects of short-term traders (scalpers) collapsing upside momentum
kibakilla33
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@InvestMate, US Dollar will continue to increase and value, as we see another rate hike. This price suppression will allow for accumulation, a maintained value of 19k while the value of the dollar continues to increase is technically a very bullish sign, especially if we see the market to continue to slide to the downside.