I don't like being bearish, but when this tight back and forth range breaks, I got my money on it breaking to the downside. This is on the 15m chart, so it's not overly conseqeuntial, but at least for the short term, I see a bit more downward movement coming, probably below $20k. That's me, anyway. I am currently short.
In my last post "I may have to give up 5.4k" (Yellow Box on chart) I stated we were entering a 3Day block, and were likely to see a pullback. I also mentioned the very real possibility of us grinding up a bit further into the block before we headed down. That's exactly what happened.
A) We ground up, touching the underside of the 3/1 on the Gann Fan I've...
Let's look at the market and see what it is showing us currently.
We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$
BITMEX:XBTUSD
I have published a similar idea as can be seen below which suggests that market would...
