the order book is telling it: the bears are the bulls. probably the same people. whales. they switch constantly between big short and long positions to squeeze your coins out of your pocket.
lowest blue support line has not been touched yet (would have been around 8088) , seems that those whales that make the market do not want btc to crash, but continue their bearish/bullish moves on high priced levels and let some late shorters that wanted to close their positions at 8000 hang on the cliff.
Upward move is more easy now from here, weak hands sold en masse, and the tips of the triangles that are formed by the main trendlines are all lined up and can be passed by a possible uptrend line. that means relatively weak resistances.
bullish hidden rsi divergence, lots of late stuck shorts to pop for fuel, weekend. people who bought high and have not sold yet will not give up their coins so easy now. price might be attractive for new buyers.
will watch closely the next hours. or minutes that is, if it still drops to 8000, in the next hours or minutes, idea is invalidated. Take care.
sorry for the trendline mess, but it works for me like this :)
lowest blue support line has not been touched yet (would have been around 8088) , seems that those whales that make the market do not want btc to crash, but continue their bearish/bullish moves on high priced levels and let some late shorters that wanted to close their positions at 8000 hang on the cliff.
Upward move is more easy now from here, weak hands sold en masse, and the tips of the triangles that are formed by the main trendlines are all lined up and can be passed by a possible uptrend line. that means relatively weak resistances.
bullish hidden rsi divergence, lots of late stuck shorts to pop for fuel, weekend. people who bought high and have not sold yet will not give up their coins so easy now. price might be attractive for new buyers.
will watch closely the next hours. or minutes that is, if it still drops to 8000, in the next hours or minutes, idea is invalidated. Take care.
sorry for the trendline mess, but it works for me like this :)
