BTC was holding above 8 hr until earlier today, but now it seems to be slightly breaking down. Volume seems very light, but this could pick up later tonight as Asia comes fully online. Wouldn't take much volume to move this in either direction. Michael Saylor, CEO of Microstrategy, has his BTC teach-in conf on Mon-Tues with over 2000 people signed up, so I...
Very tight Bollinger squeeze on the 1 hr chart. A whale could make this break in whichever direction they choose. Looks tenuous.
Last night Elon caused a breakout. Today the resistance on 8 hr was pierced, but no candles closed below. We're back at the retest level again now. Saylor will be holding his BTC 101 teaching tele-conf this Mon and Tues to industry finance execs and investment managers, and he indicates there are 2,000 participants signed up. We'll definitely be hearing some...
Last night the Musk tweet caused a breakout on the 8 hr chart. We are about to retest that breakout level, and we'll see what happens from there. Note that Michael Saylor's BTC info-conference to 2000 institutional investors and publicly traded companies is occurring on Monday and Tuesday. Should make for an interesting week.