kindaibtc

kindaibtc

Bitcoin is getting ready to turn around. The fractal we have been following for a few weeks is nearing completion and the whale exchange ratio indicator has hit the magic 0.5 number which is telling us they are preparing to sell. A blow off top when this 0.5 figure is likely, so it matches with out fractal to make a run at 20k, there will be a lot of sell orders...

kindaibtc

Bitcoin has reached a very important level. 16-16.5k lines up with multiple factors which should be given due consideration. Historically this level has acted as support and resistance. As we are under it, heavy resistance should be expected all the way up to 17-17.5k until we backtest once over it and it acts as support. Do not get caught in the trap that a new...

kindaibtc Updated 

BTC is currently converging many harmonic bear patterns, most exchanges forming nearly perfect bearish gartleys with this push to 9800. When considered alongside the Wyckoff Distribution at phase D this looks for a perfect short opportunity. If we cross and hold above the descending green line trendline it would indicate the beginning of phase C in Wyckoff...