1D & 1W correction is long overdue but yet to come, market are just too emotional right now, however this 4H correction is just to weak,
we still manage above 7000 and it's likely that BTC will hover > 6000 for a while as it is the breakevent point for miners,
If BTC failed to drop under 6000 we might be seeing consolidation in the near future
April 1 will be the deadline for Q1 announcement, the set up is ripe with BTC at low point, The Death Cross will be a Take Off,
Market Maker still resent CZ for stalling the correction ( Binance Hack + Japanese FSA), but 1 April is coming fast, they either have to jump or be left behind by the train
Basically they wanted to make a double bottom of which both end is 11K BTC, this is going to be 2014 all over again, they need to squeeze every ounce of hope from market, they will time the news to coincide with weekends so that people dumps their holding.
This is predicted from my previous analyses. Lets see, I doubt market marker done with smearing Binance this...
Critical support, if not up then down very very hard
BTC price hanging on a thread here, if cloudpierced downward market maker would rather crash the market
I've predicted this black swan 7 Hours ago, looking for 8000-8300 range for rebound if BTC drop under cloud
As you can see, theres this spike on QASH chart, which may indicate insider trading,
This is related to Japanese FSA threat on Binance, earlier this month Bittrex closed USDT trading for Japanese citizen,
We can expect japanese FSA to strong arm Binance dissalow USDT trading pair for Japanese citizen, but its not possible, as unlike bittrex that ttreat USDT as...
BTC Halving will be at the end of this month, but this setup shows that we might be in the course of one last bear trap, I'm not sure what will be the next black swan, but you can guess the severity of the correction by the news,
We need to went up beyond 11800 to set up a double bottom, Last year ETH sudden raise was what drawn newbs like me to delve into...
This mini correction is expected as the 4H RSI exhausted, if this is a real recovery we will see reversal around 8750 - 8800, next target will be 9500 is momentum picked up, if not 9350 is the more conservative target.
High chance of sharp bounce, Market maker times this so that it will cocincide with week end, if failed to bounce and stays within same price...