Ok guys,
Bitcoin has just breached the psy high…Now we are getting information about thier intention going into tonight…
If you look at the chart (Attached below )you will see that we really don’t have any points of control on the chart that is close by…
Could we assume that this move is just another one of the pump and dump scenarios?
Let’s consider the logic…
Psy Levels are wide…We know they are manipulating the range and the spreads they are trying to build positions from.
If the psy range high holds, then we would anticipate further movement higher, but this would be a pressure point on the shorts in the range…Remember they need to move up to go down…
Keep an eye out on this move guys…
If they hold above the psy high then a retrace into it would confirm a move away and move higher…If that fails then we would understand that this was a stop hunt and will resume the move back down…
Will dive into this tonight.
Mad Love
T
