Excuse me for the dalay, today was an interesting day at my day work and also it took me ages to prepare todays article. My reasoning is that once we break the 10,000$ level with volume, we are going straight to 8300 support. With the things I've been hearing - people are leveraged with BTC in insane amounts. If a panic selling starts, triggering multiple stop orders, I think we can easily see a spike in the 6000$ area. I am factoring the human behaviour also. Although if I had a short position in BTC I would get out with 1/3 of my size at 9,450, 1/3 at 8450$ and 1/3 at 6940$.
I would be glad if you can check my new article and give me some feedback, if possible. Article
No rules, just a gentlemen wager.. I'll go first..$6932 on Bifinex.. I know its low but I'm going full bear and that is the 3 day 77 for me.
Uhhh, very good! My pick is 5750$ on Bitfinex. Is there a BTC/USD on Bittrex ? I thought only USDT. Game on :)
Yes.. so our bets are in.. Me .$6932 on Bifinex.. You 5750$ I use https://cryptowat.ch/bitfinex/btcusd/30m for charting so yes they have USD.. :)
Whats your reasoning? Mine is the 3 day 77 Period Moving average.. Yours?
Excuse me for the dalay, today was an interesting day at my day work and also it took me ages to prepare todays article. My reasoning is that once we break the 10,000$ level with volume, we are going straight to 8300 support. With the things I've been hearing - people are leveraged with BTC in insane amounts. If a panic selling starts, triggering multiple stop orders, I think we can easily see a spike in the 6000$ area. I am factoring the human behaviour also. Although if I had a short position in BTC I would get out with 1/3 of my size at 9,450, 1/3 at 8450$ and 1/3 at 6940$.
I would be glad if you can check my new article and give me some feedback, if possible. Article