Bear power down? Last $9700 drop was way bigger.

4 thg 5, 2018

I'm actually staying out of trades, I caught most of this pump up but it's looking bullish still.

First top of ~$9700 we got smacked down HARD. This top of ~$9700 we barely got smacked at all, and volume is increasing ( coinmarketcap.com/currencies/bitcoin/historical-data/ )

We're at a pivotal point in BTC and it can go either way but if I was going to trade, I would have to bet on the bulls.

4 thg 5, 2018

Ghi chú

PS Somehow the rectangle got messed up

4 thg 5, 2018

Ghi chú

Also the two reasons I'm bullish here VS bearish which has a lot less to go through to drop.

1. We could be in a bull market, many people believe we are but I'm not 100% convinced. We've been moving up though and I'm not going to go against the trend even if it is a short lived one.

2. Like #1, until we break down and show some type of local downward trend I'm not going to bet against the bulls.

4 thg 5, 2018

Ghi chú

Testing resistance currently but it's looking like we're going to drop down to support and move in this range for a day or two.

4 thg 5, 2018

Ghi chú

Last update on this chart:


It's looking like we might play in this range for a day or two instead of just deciding fast like last time.