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BTC Inverse H&S incomming
BTC historically has major support at each of the key levels of retracement from its move down.
The order book on all of the exchanges looks strong at $680 and the bears are thin up to 720.
$645 is my lowest expectation, BTC rarely retraces this far.
I believe the funimentals behind the move down were:
- The "news"(/manipulation rumour) from zero hedge isnt really news at all..
- BREXIT parlimenatry requirement. - Gold has already recovered from the shock suffered
the US election is incomming next week and i expect the bulls to return.
The order book on all of the exchanges looks strong at $680 and the bears are thin up to 720.
$645 is my lowest expectation, BTC rarely retraces this far.
I believe the funimentals behind the move down were:
- The "news"(/manipulation rumour) from zero hedge isnt really news at all..
- BREXIT parlimenatry requirement. - Gold has already recovered from the shock suffered
the US election is incomming next week and i expect the bulls to return.
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