It is clear as day that #bitcoin needs to break out past above the daily ichimoku cloud to confirm a trend reversal.
3 DAY: Bulls have less than 19 hours to push the price above $7928 to prevent a bearish railway track pattern or else the price slumps to $7400.
All depends this coming weekly close and this coming weekly candle. If the coming week comes out a decent green candle, the odds will be re-testing those resistance lines. Check out the chaikin money flow indicator. Its last strong upward moment was prior to December 2017. Fingers crossed.
2 days until the ProShares ETF is rejected.
Not your keys. Not your bitcoins.
Everyone knows it's a 95% chance of rejection. That's why shorts is at an all-time high. And a likelihood that it does nothing to the price (being already priced in).
And then short sellers have to buy in order to close their positions, leading to a short squeeze rally.
Where the Bitcoin price will probably go until mid-May:
You have two Bitcoin re-buy areas (this is based on Bitmex prices): $4850 - $4990 - the strength of this support level will be tested until mid-May. It will also meet up with 50 Day Moving Average (DMA).
The second one is $4480 (200DMA). Don't buy in one go.
Tweeted it first in my Twitter account:
https://twitter.com/drei4u/status/1121869577393098753 
Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.
It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.
People will just move on. Markets will not be affected permanently.
LMAO that correction to $6,800-ish a day ago, most are sure it would correct deeper including me. I'm glad, I put off taking profits yesterday.
Now how far will this leg go?
Starting to think these ETF rumors for the May 21st approval might be real. More and more its starting to feel like insiders are buying bc they really know something we dont. ETF please and pamp it please!
Do you think so?
I dunno, the SEC seem to hate the idea of a bitcoin ETF, every single attempt so far has been basically told to fuck off.
I don’t think so but I’d LOVE to be wrong on this. I think a bitcoin ETF would take us to a new ATH this year.
Yeah, new all-time-high price but just after the news come out, I expect dumpage first (Sell the news). Anyway, Bitcoin is back to above $8,000. So much buying, it's like there's no tomorrow. I wouldn't sell just yet.
I am bullish on Bitcoin since August 2018 but I would take those comments with a grain of salt. Those are the same people who believed there was no bubble back in 2017.