do you need any more info than this chart?
pomp- tone vays- all refuse to see that bitcoin grew because futures are invloved and used that it was world interest.
the intrest was big money men buying and buying and selling then shorting on launch of futures,
bitcoin made them very rich while the hodlers search twitter and youtube for fomo....
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!!
looking back a the last RSI bottom, this could play out.
rsi has only a hand ful of times on daily in BTC history been this low
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line.
IMO, if i was a betting man i think october 4th to 7th could see some moves,
how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look
people need to realise futures have a big say in...
long if you are a true believer that cme fututes gaps need filling,
if we are going off CME gaps, there are two unfilled
if its true that bitcoin needs to fill gaps , which so far is true regardless of bitcoin maximalists refusing to say futures has a big say in Bitcoin price,
Pomp, Vays will never even consider it!!
Pomp uses people pension funds
I think we will drop very quickly
catch the nvt uptrend line and go sideways untill 2020.
look at history,
tether manipulation brought this last run to 13k.
the stage is set for bitcoin to drop and repeat !!
buyers are burnt out, sellers are ready to start again at the bottom
and Bakkt will want btc cheaper, why the low volume in bakkt?
if we break downwards we are low on RSI and not in overbought
imo i think we need to test over sold for a few weeks to bring back strong bulls.
Twitter and youtubers those who have over hyped BAKKT must be scratching their heads?, its just another futures platform, yes settled in BTC but that BTC needs to be sold.
i suppose we will soon see if the bakkt...