BTCUSD 5th wave

Locally bitcoin shows a strong mood of bulls. What is the logical explanation. We disable the trap and trade from zone to zone.
The task is to see the end of the 5th wave, which most likely will be.

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So far, it's moving as it's supposed. Lateral movement with the potential of further shot up

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According to my forecasts, today there should be an increase to the 5th wave at 9400. And further that will be and will be.

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Bình luận:

On Tuesday, July 24, bitcoin jumped to $ 8,500 on Bitfinex and, although it had already retreated by several hundred dollars, the rate nevertheless grew by almost 20% within a month. As Mati Greenspan, a senior analyst at eToro, said, this rally was fueled by spot traders in Japan and South Korea, which provided an increase in volumes to help push the price of bitcoins to key levels. In his comments for CCN, Greensen writes: If you look at the stock volumes, it seems obvious that the price is driven by East Asia. The dollar had a splash, but it was much more focused. This means that the Americans participated mainly only in the extreme stage of the jump and, to a lesser extent, "before and after the party." This does not mean that the US was not on the market. In fact, according to Greenspan, sales data came from Chicago, where CME and Cboe are located - the only regulated exchanges in the US, with listings showing bitcoin futures. This means that traders from Wall Street also wanted to participate in the game.
The volume of trading on Tuesday, July 24, at the CME amounted to 12,878 contracts, which is equivalent to 64,390 BTC (each contract is 5 BTC). Traders on Cboe traded 7,138 contracts, each of which is equivalent to 1 BTC, resulting in a total volume of bitcoin futures in the United States totaled 71,528 BTC. At a price of $ 8000 per coin (the average price of opening and settlement on Tuesday in the August CME futures market) this is equivalent to a daily trading volume of $ 572.2 million, which is not so much compared to the global crypto currency market. According to CoinMarketCap, the volume of trading on the global market of bitcoins on Tuesday was $ 7.7 billion. Nevertheless, this surge in the volume of bitcoin futures could signal that Wall Street is beginning to enter the crypto-currency market.

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A multifaceted formation did not work out.