Within the next 3 days we will see a critical shift in Bitcoin on whether it resumes its very strong microtrend it had when we bounced off 252, or if it'll plummet to sub 252, in particular 240 as its next resting spot before further supply pounds it's lack of demand.
Currently in a short wondering if the bullish block order at 317 will hold. I have a close for half of my contracts around 318.
The block order from 304 is quite huge, and if they let it crumble we could see sub 300's like we always thought.
Starting with a rise from tonight off the ever so critical 315-319 range, I think we move into new territories of enthusiasm around the 28th. We need to build these rallies to give the masses the perception that bitcoin has hope above speculation..
However, what we all know will happen is that as soon as it reaches the peak of euphoria we'll all dump our...
This is a look at OkCoin Futures 1W and we see despite its massive drop, it is fighting back. It has a ton of resistance to go through, most notably 344 and beyond.
These are overlapping fibs from 1M/1W/3D/12HR/6HR/4HR to show the obstacle course to the top.