Reddit BitCoin "Insider" Says BTC to Spike In The Next 48 Hours. He could be right.

[Here's a link to the original post on Reddit... https://www.reddit.com/r/Bitcoin/comments/7x239n/insider_tip_btc_is_going_to_skyrocket_in_the_next/]

So Who Cares About This Schmuck?

There's no reason to believe him and anything he says.

The thread has gained some hype...likely the joint handholding of the people who started buying coins thousands of dollars over where we are are now.

[b]BUT...[/b]

But I think this most recent beating the currency has seen had a lot to do with professional/institutional traders. They wanted to get in the market so they did.

They bought some up on the "Dimon Dip" so they could have enough to dump the currency lower, allowing them to load even more.

After seeing that "insider" comment, I pulled up a 1-year chart of $BTC ....

There's several things I like about it; namely the RSI/CMO [chaikin money oscillator] divergence here...

The pricing crossing above the short-term moving average...and the convergence oF the long and short MAs approaching each other at a much faster rate than we've seen in some time.

Also, the CMO, an indicator of buying pressure indicates that buying pressure remained until this final dump.

So are going to run up in the next two days? I don't know, but the technicals show it as being a possibility