BITCOIN
On hourly candle, bouncing off possible triangle support testing the triangle top resistance around 6500 zone again. Likely to breakout up. Profit taking targets 6800 and 7250 zone. Possible fast sell off thereafter.
News: (Current) | (Upcoming) CBOE BITCOIN ETF, 30 Sep 2018 (may be extended again up to 240days)
| G20 FATF, Oct 2018
Short term moving average (day candle) : uptrend
RSI : -
Network Value to Transactions Ratio : ard 180
Bitfinex Margin Long/Short Volume Ratio : -32
Depth Chart : (S) | (R)
Weekly Timeframe :
Follow the whale buy
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We might have to see one last flush before we go into the denial/recovery phase. Might be the etf denials. Good analysis!
Posted using Partiko Android
yup probably the 4th dead cat then waiting game again before the next phase
Perhaps a sell-off will happen again.. as usually.
likely for another one after the rally
very good analysis
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