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BIG SHORT NOT ENDED - The bears are pulling back to 10k level

업데이트됨

Looks like the bears are still on the running. 10k is a strong sentiment support and is converging with a past support and the downtrend line. If you look D1 RSI you can see that still have some space to the bears there. I think whales will dump the price to the next support on 5.6k until 10AM EST when will occur the crypto meeting of SEC and CFTC (see: coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/).

The news will pump the price up to the moon and the big short will finally ends.

That is my thoughts. Thanks for reading and don't forget to like :)

노트

Bears passed out the 7.9k support level and at the same time we can see the stocks market going down. Institutional traders are preparing to take their money off stocks and pump cryptos to the skies.

Watch for reversal somewhere till 5.6k support level. In ten hours from now stay on to see what the news will do with the market and let's finally kick some bears out.

WATCH OUT FOR BIG LONG OPPORTUNITY

I am seeing some people saying that the meeting is for ICO regulation and that can't pump the market. Well, ICO is what we have of more concrete in crypto market today. We have the greatest genius entrepreneurs dedicating to develop blockchain new business and this is the future, so the ICO market is the future of cryptos and big players are afraid of scammers. Regulation will bring security to that people and they will bring their money to ICOs. To invest in ICOs you have to buy some BTC or Ether.

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