Rejection on 4H Cloud
Updated
Rejected by 4h cloud, looking for double top pattern, need to break 8700 with volume, else we will see sharp downturn,
G20 & Senate Report does not incite buying volume, Will probably need stronger Black Swan, I have a hunch that it will be related to why Binance added QTUM - USDT Pair,
Smart Contract layer on top of Bitcoin (i.e QTUM) may induce further upward spike, (good news for BTC Maximalist, bad news for ETH), we may see stronger BTC dominance in the next 2 month
G20 & Senate Report does not incite buying volume, Will probably need stronger Black Swan, I have a hunch that it will be related to why Binance added QTUM - USDT Pair,
Smart Contract layer on top of Bitcoin (i.e QTUM) may induce further upward spike, (good news for BTC Maximalist, bad news for ETH), we may see stronger BTC dominance in the next 2 month
Note
Right now BTC is having a price action, Bull tried to push price above 8700 to avoid double top, there are 110 BTC sell wall at 8600 on GDAX though, high chance of double top
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