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zerocashcool
May 14, 2019 1:52 AM

BUY BITCOIN - No Resistance To 20K+ Long

Bitcoin / TetherUSBinance

Description

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With no up side supply, breakout of the Pitchfork center line is more probable than break down, and movement through this level should be explosive because of low liquidity.

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According to 1M DeMark we are bullish until November.

According to 1W DeMark we should have explosive volume by the first week of June, followed by a 1-4W retrace, and then a continuation of the 1M trend.

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Perspective:

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Fear not, sell not.

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Comments
mediamax
Hi @zerocashcool so we've had a whale dump BTC on Bitstamp at $6200. What is the motive behind such action, what is this entity trying to achieve?

FYI - I wasn't even aware of this but there are guys keeping an eye out for potential market manipulation - "Whale Alert 11 May 2019 - 1,000 #BTC (6,871,296 USD) transferred from unknown wallet to #Bitstamp" whale-alert.io/transaction/bitcoin/8afd9cf6154b1563c381bb36ea9e8b197a645d7d22a2fad47c6be34f9734643f/2
zerocashcool
@mediamax, at this moment I'm looking at price to test 7700 within 2.5 hour. Watch for bearish reversal signals here or a breakout to new highs.

7700 is at MA 100 (red line), top of Kumo. Breakout to test 8320, break down to... watch out!


Join me in DLavrov's Discord #crypto-trading for regular updates! <3
zerocashcool
@mediamax, I'll try to answer better soon. Just have to leave right now for a bit is all. :)
zerocashcool
@mediamax, oh now I see what you're talking about. :) I actually don't know what that particular movement was about. I have no idea!
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