Like my last idea stated, we pumped. That pump was of course more aggressive than I anticipated, so it changes the outlook a bit, but not the mid/long term.
Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving.
This will occur mainly because of the rising 200 MA on the daily (which has been rock solid as far as support and resistance) and the downtrend line from 14k converging finally. Except that patented price squeeze / volume dropping as the BTC whales prepare to shit out the price to the downside.
Then, while you have a face full of turkey, BTC will dump hard and liquidate your happy holiday. :D
Also, check out my website:
bitcoinbattlefield.live/Mexer
It's a live price tracker for Bitmex with a lot of other information, as well as myriad of audio queues for different price action occurrences.
Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving.
This will occur mainly because of the rising 200 MA on the daily (which has been rock solid as far as support and resistance) and the downtrend line from 14k converging finally. Except that patented price squeeze / volume dropping as the BTC whales prepare to shit out the price to the downside.
Then, while you have a face full of turkey, BTC will dump hard and liquidate your happy holiday. :D
Also, check out my website:
bitcoinbattlefield.live/Mexer
It's a live price tracker for Bitmex with a lot of other information, as well as myriad of audio queues for different price action occurrences.
