Bitcoin Futures Up
The bulls spoke loudly last night as we ran over $1,000 at the start of futures trading.
The trading we saw last night was different than usual, it was contained accumulation, keeping 5 min and 15 min RSI from getting overbought.
It was 10-15 min of bull moves, higher low on the 5 min, rinse and repeat for a couple hours.
I have seen this before with stock buybacks and big investor loading but this is a first in the crypto space.
There are very few resistances to all time highs and the bulls have momentum.
Watching for a daily equilibrium pattern which would mean a lower high somewhere in the $17-18k range.
A run to new all time highs would continue to show extreme strength.
Hourly higher lows very clear for stop levels.
The trading we saw last night was different than usual, it was contained accumulation, keeping 5 min and 15 min RSI from getting overbought.
It was 10-15 min of bull moves, higher low on the 5 min, rinse and repeat for a couple hours.
I have seen this before with stock buybacks and big investor loading but this is a first in the crypto space.
There are very few resistances to all time highs and the bulls have momentum.
Watching for a daily equilibrium pattern which would mean a lower high somewhere in the $17-18k range.
A run to new all time highs would continue to show extreme strength.
Hourly higher lows very clear for stop levels.
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