_CryptoShaman

_CryptoShaman Updated 

Following my previous analysis of Bitcoin-US Dollar, COINBASE:BTCUSD BITMEX:XBT , a few observations are noted: Bulls maintain overall confidence despite the strong sellers that lurk in the background. Bitcoin reaches its significant milestone, that is the close of the current weekly candle, and which will be determining of the longer trend. A few scenarios...

_CryptoShaman Updated 

BTC remains at cross roads, hinging on the outcome of the weekly close/open. Bullish sentiment has been fuelled by the recent break of the bearish trendline, here's a few scenarios to consider: - A break and close below 8500 (and the bearish trendline) especially on the weekly will yield confidence to shorts. This will need to occur rather aggressively,...