People stand around dreaming about the bitcoin price. "It will be 50k/100k in 2020". They start imagining the global economic down turn. The collapse of the financial institutions. They talk and talk and talk. They get clicks on youtube. That's all fine and dandy. I seek out fundamentals as well, however, time is a valuable resource. I can't sit around waiting for...
Anything can happen in Goblin Town.
Right now, we are sitting at around 8122. The 200 daily MA is at 8332. This previously has acted as a very strong support/resistance. Go check it out for yourselves.
We can either close above it for the daily close (in a few hours), Or we will close below it. Indicating something very bearish. CME futures ends tomorrow. Gap @...
As we all know, the next futures CBOE will be expiring on the 27th of September. When the last futures expired (March 13th), We slowly started to see a rise in Bitcoin. Until, the 31st which started this bull run by 1 whale buying a copious amount of bitcoin. Suspicious. Anyways, I expect 1 of 2 things to happen. Either we dump to the abyss. and I mean low. That...
It looks like we found a support on the 30 min chart @ 9650. Wicks went far below to 9613, however, we still managed to close each 30 min candle at 9650. Looking good for scalping longs from this point.
Areas of potential support is in the rectangle. We are bouncing off the 10165 level currently, Hoepfully the hourly close will be above it. Next point to keep in mind will be 10215 for a close. Happy Scalping mates.
