Yes, Simple is sexy. Nice Chart.
Any thoughts on BTC futures first contract settlements on the 18th? The big boys would love it drop a bit more no doubt.
Balas
it seems we r not ready for this yet..bulls are damn weak..14.5k havent hit with strong buy volumes..if this continues more downside will continue..FUD still in play ..dropped below 14k ..
Balas
Kevin.C ghose12
@ghose12, I see your point but during this phase of such a large formation you can expect low volume buys and a lot of bear traps, I have noticed during these formations on BTC in particular the lower trendline is hugged (tested far more than the upper line).

If the market manages to close below the line at any point i'll be with you for more moves to the downside.

I'm expecting the market to tighten for the next 2 weeks, maybe as money is spread into alts and then a continuation to and beyond 20k
Balas
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