Well, yesterday was a very interesting day - Pump&Dump. Firstly the price closed the GAP on CME Bitcoin Futures Chart, then the price dumped and started consolidating - MM or just big whale left his LONG in the zone of $7650.
Don't want to bother you with further information, in a word - we need to watch the 4H candle and where will it close, above or below the $7350 level. No doubt, bearish option looks more realistic there: we got a pump and almost instant dump, then small pump which looks like a correction. But there are two important facts which make the picture more controversial - we see a number of huge buys and the dump didn't absorb the whole upward movement.
What can we conclude? Situation is very controversial, we don't hold any position at the moment, waiting for the market to give more data. Remember about the level $7350.
Don't want to bother you with further information, in a word - we need to watch the 4H candle and where will it close, above or below the $7350 level. No doubt, bearish option looks more realistic there: we got a pump and almost instant dump, then small pump which looks like a correction. But there are two important facts which make the picture more controversial - we see a number of huge buys and the dump didn't absorb the whole upward movement.
What can we conclude? Situation is very controversial, we don't hold any position at the moment, waiting for the market to give more data. Remember about the level $7350.
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