The foretasted micro trend set in March has pretty much mirrored BTC through to this moment (excuse some of the timings). Not blowing my own trumpet here - The forecast based on historical FOREX manipulations predicted a shift now but I was unsure on which direction it would take at this point - I was merely highlighting historical manipulations, the market did drop lower than expected vs this but the trend is the same.
So thoughts on what we are seeing now?
- Sell pressure down so Whaley is trying to increase price - I agree with suggestions that this is to take out the stops of the Shorts rather than BTC hitting bottom.
- Expecting a dip in a few hours then a few efforts to hit the 8,500 mark*
- Markets are generally screwed - I will sell off before this as I don't think this is enough to entice buyers who are waiting for -$5 to $6k and poking the bear will just create a response.
*I'll take a look at furthering this trending later today.