Bitcoin Weekly Supports Another Pump, Depending Where You Look
On the left side, we have the BitFinex chart, which is really right now with BTCUSD trading above EMA50 and EMA100 within an .
The and are also pretty solid here and clearly leaning towards the bulls. Trading this week is above average.
On the right side, we have the BitMEX chart, which is leaning more towards the bears. Bitcoin ( XBTUSD ) is trading below EMA50 and EMA100 with increasing bear .
The is slightly curving, while the peaked last weak and is showing divergence. Trading is also high here compared to average.
Can BitFinex break to the upside while other exchanges break to the downside, is this possible?
I highly believe that this price difference is starting to become way too big and it is only going to translate into 'trouble' pretty soon... Here you can read the full details about this situation:
What's your take on this huge price spread between BitFinex and other exchanges? Will this really produce a pump or a dump?
Please share your thoughts in the comments section below.
Thanks a lot for reading.