Bitcoin update

in zzan •  4 years ago 

As was predicted in previous post a break of 10945 and 11175 levels has triggered a pump and now bitcoin has completed the 2nd green arrow.

By the way 2nd green arrow doesnt show the exact target that we were waiting for. It was just a reference point for upcoming move. Actually price can go up even more, downtrend is broken and crucial 11k resistance is broken too.

BUT there is a problem. Its weekend. If price keeps going up like that, on monday CME will open with huge gap which is bad for bullrun. Also weekend is always full of manipulations because of low volumes.
Cant predict anything when price is that volatile on weekend, can only say that we need to watch price action closely and watch out for possible manipulations. We dont like big moves on weekends at all.

Thanks

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