Accumulation at 33-35k we bounced off the accumulation (a lot of buys at that levels) hedge funds and VCs moving into the space seems to be where they are buying, don't sell them your BTC! They are hoping you do, as predicted in previous publication we went right up into resistance the more we test the resistance level the weaker it will become. Wedging ourselves slightly above that resistance and the Icki cloud it was never going to hold as the was to much bearish pressure at those times. 43800 was our last support it doesn't look like it will hold due to the resistance level and the cloud on the daily candles, I would say we will dip to at least 41617 our next support level hopefully that will reset our RSI back in to neutral territory and our moving averages will pull up heading toward "consensio" . Remember once in the cloud that is a no trade zone as the volatility will be wiping out shorts and longs, if we get there, closing in the cloud on the daily candles.....
The chart shows the predicament we are in, I am neutral at these levels as I have never seen a back side of a wave 7 off a double top, hopefully there will be a much more clear sign of what's to come in the following days and we can determine that the super cycle is dead. Until then.
"She took my pants too, one more trade to get her and the pants back."
-KewlKat
The chart shows the predicament we are in, I am neutral at these levels as I have never seen a back side of a wave 7 off a double top, hopefully there will be a much more clear sign of what's to come in the following days and we can determine that the super cycle is dead. Until then.
"She took my pants too, one more trade to get her and the pants back."
-KewlKat