Lots of mixed feelings about BTC right now.
Someone will yell short, the next will yell buy.
Here is why the polarized differences are presenting in the market right now.
1D chart will show you a nice clean slightly upwards moving channel, that seems to be supported highly by sitting on the 50 EMA and using it as a support.
On the other hand we have this 60min chart that is showing something totally different (and as I type appears to be breaking that channel).
A sharp downward channel the last 4 days is coming up on decision making time.
If we break the channel upwards and 50EMA in one step here we are headed back to the top of the channel in the coming days in all likelyhood.
Low likelihood but not totally out of play is a downward break through the daily channel support and testing major support lines below, Low probability but not totally out the question.
Someone will yell short, the next will yell buy.
Here is why the polarized differences are presenting in the market right now.
1D chart will show you a nice clean slightly upwards moving channel, that seems to be supported highly by sitting on the 50 EMA and using it as a support.
On the other hand we have this 60min chart that is showing something totally different (and as I type appears to be breaking that channel).
A sharp downward channel the last 4 days is coming up on decision making time.
If we break the channel upwards and 50EMA in one step here we are headed back to the top of the channel in the coming days in all likelyhood.
Low likelihood but not totally out of play is a downward break through the daily channel support and testing major support lines below, Low probability but not totally out the question.
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Sell wall at 14,600 on both Gdax and Bitfinex. Whales are seeing the same thing as this chart is showing at this point, and are accumulating