Disclosure. The author does not own any DOT.
Disclosure. The author does not own any ETC.
Disclosure. The author owns BTC.
Commitment of Traders Report
- Dealers STILL have no Long positions
- Leveraged Funds grow their Short position
- Everyone other than Leveraged Funds seemed to looking at $12K breaking
Bitcoin Hash Rate 7 Day Average
Bitcoin Hash Rate 7 day rolling average continues to consolidate near all time highs.
Bitcoin Fear & Greed Index
Fear & Greed go absolutely smashed on this last sell off. 40’s was last seen when BTCUSD was trying to break the $9600-9800 area.
Disclosure. The author does not own any LTC.
Disclosure. The author owns SC
Made 2 bang on calls at the beginning of this pattern with the 1H chart(see article attached below). The pattern has not deviated from course yet. If the pattern holds then price should continue to consolidate with a breakout near Autumn Equinox, which is a HUGE Gann pivot date for Crypto markets. This would be very Bullish.
Disclosure. The author does own BTC.
Disclosure. The author does not own any RIOT
Click to Enlarge
Disclosure. The author does not own any LINK.
BCH has been ranging but the volume on bigger exchanges is so-so. Why is this happening when so many other markets are in rally mode?
The short answer is internal chaos. There has been a power struggle between company co-founders that seems to not be getting any better.
Bitmain presale operations has said that all June & July orders will not arrive until September or October at the earliest due to internal problems. It seems like the safest trade is buying with strength and buying the breakout from the range in the event that internal struggles break the price floor.
You can check out BitmainDrama here: https://twitter.com/search?q=bitmaindrama&src=typed_query&f=live
Disclosure. The author owns no BCH or Bitmain debt obligations and has no long or short positions.