STOP WHINING - BITCOIN RUNNING UP
Updated
I wonder why we should frustrate the work done so far. Bitcoin is in positive trend and under very important resistance. Positions are liquidated are good for exchanges and whales. And while I hear many of us fearfully thinking about a new collapse. The indicator of complacency and distribution, followed by the inverse divergences, is clear. They are slowly buying your bitcoins again at low cost.
It will be like this. They will start with starting stop losses below 6k, maybe up to 5.8k. Then in the meantime you all think you have saved value by selling you will see the price bounce up to 8k.
Positive result achieved for whales and exchanges that in this moment of "our" distribution, they are "accumulating" because in truth great falls on the AD chart speak clearly.
Reverse divergences are also a strong signal. There are graphs from 1H, which appeared 22 hours ago, to 4H and 1D.
In short, you sell off, for me it goes straight to 7.6-7.8. A weak bitcoin is not good for anyone. The mining sector and the whole sector would suffer.
Full speed ahead and let's break through these last two supports.
It will be like this. They will start with starting stop losses below 6k, maybe up to 5.8k. Then in the meantime you all think you have saved value by selling you will see the price bounce up to 8k.
Positive result achieved for whales and exchanges that in this moment of "our" distribution, they are "accumulating" because in truth great falls on the AD chart speak clearly.
Reverse divergences are also a strong signal. There are graphs from 1H, which appeared 22 hours ago, to 4H and 1D.
In short, you sell off, for me it goes straight to 7.6-7.8. A weak bitcoin is not good for anyone. The mining sector and the whole sector would suffer.
Full speed ahead and let's break through these last two supports.
Trade active
Right Now we have a bull movement 6730 USD. The price today going in horizontal but fortunately not in down. I see SPX & GOLD that today had very good performance and i hop that this conditions it's is tha same for bitcoin now or in the next hours. For me we are in distribution end accomulation.
Note
medium bullish divergence
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