ALWAYS BET ON BLACK - Update 10

STRONG CONSOLIDATION IN PROGRESS .   TIME TO REGAIN SOME GROUND

This market can move very fast up and down.   I t seems that we are going to move beyond 40K, 45K and possible go back to test 50K.  I say this because we are expecting some good news but i am unsure as to how big they are.

First good news: WE HAVE BEEN ADDED TO BITCOINWISDOM:   https://bitcoinwisdom.com/markets/mintpal/bcbtc

So here is the current buyers vs. sellers position showing an increasing influx of BTC which can be seen in the before and after charts:

BEFORE:

AFTER:

 

That shows and net increase 175 BTC in going from 325 BTC to 500 BTC in the buy order book.  We dont know how much BTC is ready to jump on .. that is not shown in the order book.

Remember we will need something like 500 to 1000 BTC to break form the 50K resistance.

A strong recovery is coming…  we will see how this develops

Buy-Black

 

The following two tabs change content below.

Buy-Black

Latest posts by Buy-Black (see all)