It was on this day in 2008 that the Bitcoin whitepaper was first shared with the world. Since then it has helped establish a new era of money that transcends borders and the need for a central authority. Haven't read it? Treat yourself: https://t.co/zOAmJTsjcupic.twitter.com/cZlLPvDDNx
$btc should get a decent swing soon 9.6-9.8k would serve as LTF supply Imo high chances it visits 10.3k soon after Market inertia must be balanced after sharp moves like these for classical TA to work well again Always give time to market and observe reaction before u bid/ask https://t.co/6SekVaI7hEpic.twitter.com/Yo0aNqCNRY
Finally a range reclaimed. $8000 conquered and price just skipped right through all the way to $9500. Now all we need is a weekly close above $9600 to turn the macro structure bullish. Anything above $8750 is a really really good start and would be promising for the next weeks.
History learns: True bulls unleashed only after MA50/100 cross. Until then we most probably range. However we put this, we did make Higher Low on the log macrotrend scale. We are looking for upper trend rejection in sequence then: Low->ATH->HL->ATH->HL->ATH->HL->? pic.twitter.com/Ei6z06zTPL
The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K!