BTC USD Trendline Holding

Jul 31, 2018

Not much to say here, the trendline i drew a while back is holding and was tested twice. If this line holds i'd say we have more room to go. If it doesn't i dont think this rally is strong enough to make it past 10k.

Jul 31, 2018

Note

I think we are seeing a push down so the futures contracts that open tomorrow open as low as the whales can drive the price. They got the July contracts to close at 8200 and then dumped the price down to 7700 so they can open the August contracts below 8k. I think with the way everything has timed out for futures we will see 10k break relatively easy.