Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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On the Fundamentals the Libra flop as widely anticipated acting as a push up factor for BTC, ETH, EOS and to a lesser extent XRP. Aggressively loading all main cryptos around current levels ahead of Fed refilling the QE punch bowl later this month....it's happy hour.
For the long term flows the waves are crystal clear mapping out the elegant grind higher:
On the daily things become far clearer as the offer begins to slow down and show signs of evaporating:
For the flows... $8,300 acting as steel support and attracting large buying interest, with all eyes on $8,700 and $9,000 this week from today NY session.
Best of luck all those in BTC and other Cryptos, thanks for keeping the likes and comments coming.
Well sir. I'm little more bearish then you on BTC last move was nice and all but it was triggered by binance pump . And followed by Mex pump . Im calling 7700 as my target and have many shorts open . Unfinished Auctions never fail . This is straight up market manipulation and is design to dump on retail . I believe that its orchestrated by BitMain the largest mining equipment company in order to push new product out . They ware the one behind 4K pump and put market on rally . With they unloaded old mining rigs to the retail . And replacing them with new once instantly that are 4 times more profitable . They already have new line in production for their own use and its even better than S17 witch are currently top of the line . S17 will be trash in less than a 6 months or so . For North america and most of Europe BTC needs to stay above 6K to be profitable with current energy price . China and Russia can go as low as 3-4K and still be in business . Im sticking to my guns and target is 7700 and that would be minimal pull back it can go even lower but you never know . All I know is that Unfinished auction needs to be finished .....