cryptonrek

BTC needs 2800, but maybe not before 5k test

KRAKEN:BTCUSD   Bitcoin
Here's one scenario, think back all the way to 2017, when Segwit and China FUD were all the rage; and BTC price was in a state of awkward "hurry up and wait" for something to happen. 2017 wasn't coming off the heels of a capitulation/distribution cycle, as much as it was being dealt blows from government bodies, and Roger Ver - however - looking now at 2018, post-Craig Wright, Bitcoin Cash division, XRP/ETH flippening; the market is the same, but very different. Now, pair up the volume and trade behaviors from around this time last year... actually this time minus one month, last year, and average the candles... paint them over the last few days, and look what could happen from this point forward (+/- 2 days).

Please note, this is a data aggregation test for SynQ NET, an upcoming platform being developed by my team, it is a test - not advice.

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