MSMiner

MSMiner

Bitcoin continuing to show strong buy pressure but has yet to break out.. or down. We may see the price action re-test the 200EMA on the 1H charts which will need to be defended strongly by the bulls.

MSMiner

For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption! With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges,...

MSMiner

The RSI and MACD on the weekly are starting to bottom out and show oversold conditions. I still think we have some room to drop possibly, but it seems to be a dangerous zone to trade at this time. I'm going to wait to see the RSI hit 30's and the MACD start its reversal on the weekly chart before entering long positions. Until then, there is little liquidity in...

MSMiner

Will BTC continue up? First rejection as bulls try to break into new support zone and push to $8,100! 200 EMA is still holding from the 1H chart and we should see a break up or down by this weekend. Looking for momentum to enter into a trade in next support zone - up or down.

MSMiner

We have been in a sideways trend, slowly consolidating above the 200 EMA after breaking through to the mid-high $7k range. Just now on the 1H we had the bulls push and green wick hard back up to $7,650. Can we find more fuel to hit $8,100 today? Thanksgiving is normally a very slow holiday BEFORE the Xmas pump in Crypto!

MSMiner Updated 

Time and time again we see whales crush over leveraged positions - today it is a combination of institutional investors and whales taking YOUR gambled money! We have seen these wide range trends since BitMex and it has only gotten worse as more leveraged trading exchanges are available globally. Don't lose your hard earned money GAMBLING in a market you do not...

MSMiner

Bitcoin is on the tipping point, volume is pretty balanced and many, many, traders are sitting on the sidelines unsure of the next play. Bears vs. bulls this week with the Thanksgiving holiday and CME monthly futures closing Friday.

MSMiner

Bitcoin had TONS of fear and doubt yesterday, I heard a lot of investors sell their stacks due to fear of going MUCH lower... If you get emotional, you will get SMOKED trading Bitcoin. Have confidence, this market is here to stay with exponential infrastructure being built daily and many, many people putting their lives into Bitcoin's future. Don't fear, play...

MSMiner Updated 

Looking for a quick bounce to re-attempt strong selling area in 8-9k. If we slide below the 6900 again, close positions and assume new positions after making lower lows and look to short.