So far BTC seems to be following the upward . If it breaks the trend it may drop heavily.
Volumes of trading seem to be rather low :
Exchanges reducing new accounts coming in - leads to less new money into the system.
People holding onto cash waiting to see what eventuates, so if it explodes it will be huge.
Guess we will have to wait and see :D
look at BTC running up the trend line, hanging on for dear life.
Good re buys would be around 9k-9.8k at the .236 fib.
Ill have to make a new chart with a larger fib area, to see other possible buy in and support levels .
Stay tuned and LIKE if you think I am on the right track !
When BTC goes down, I feel everyone believes all of crypto is going down so they sell out of all positions. Over time it will change, I think the current futures market is actually stabilizing BTC and keeping it at a low range. this will allow ALT coins to boom!.
What do you think?