Bitfinex is buying right now. Normally before each move down we get a large spike in buying as price goes up to hit high leverage short stop losses mainly due to the existence of Bitmex. Currently while that is happening, as a whole Finex seems to be buying a lot more Bitcoin than normal here.
This is basically neutral-bullish short term.
Keep in mind we basically hit some shorter stop losses again, so don't be surprised if we do get another move down. But personally I think we should get a move for the reasons mentioned in the chart above.
Also, it is basically impossible to predict BTC moves consistently. But if you are 50% accurate you can set up your trades in a way that statistically you should be making money. I have one large account with trades that take days to complete, while on my smaller accounts I just scalp BTC/Alt pairs.
Thanks for viewing! Just wish there weren't so many large Bitcoin chartists so I could actually get some views. It just seems like you need to post bullish charts with targets of 80k or just have a large account.
This is basically neutral-bullish short term.
Keep in mind we basically hit some shorter stop losses again, so don't be surprised if we do get another move down. But personally I think we should get a move for the reasons mentioned in the chart above.
Also, it is basically impossible to predict BTC moves consistently. But if you are 50% accurate you can set up your trades in a way that statistically you should be making money. I have one large account with trades that take days to complete, while on my smaller accounts I just scalp BTC/Alt pairs.
Thanks for viewing! Just wish there weren't so many large Bitcoin chartists so I could actually get some views. It just seems like you need to post bullish charts with targets of 80k or just have a large account.
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Also, maybe a pitchfork since it seems to be trending in a direction now.
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Also during the dump a large long position was filled
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This is basically consolidation so this idea was kinda correct at least.
Current BTC price on Mex. Now we decide to dump or not.