Bitcoin shot through the cloud once it broke through the $4200 where apparently all short positions had set their stops. People think this is manipulation and what not but it has been moving predictably for weeks now.
This is a daily Ichimoku cloud based on the average between Synodal and Sidereal months. I explain why in the chart linked below on the topic of the 656 Sidereal month cycle.
Nasdaq, Bakkt, The Square Inc . Cash App and possibly the VanEck Bitcoin ETF are all in the process of creating products that will tie up ever greater amounts of BTC in their respective markets. It is possible that the market is front-running these developments and the associated demand.
In the chart regarding the cloud flip, I mentioned the following: "One other thing worth mentioning is that there is less resistance in the price range between $4200 and $4800. This means that if BTC breaks through the $4200 level there could be a swift move back to $4830."
Today we have proof of this.
This is a daily Ichimoku cloud based on the average between Synodal and Sidereal months. I explain why in the chart linked below on the topic of the 656 Sidereal month cycle.
Nasdaq, Bakkt, The Square Inc . Cash App and possibly the VanEck Bitcoin ETF are all in the process of creating products that will tie up ever greater amounts of BTC in their respective markets. It is possible that the market is front-running these developments and the associated demand.
In the chart regarding the cloud flip, I mentioned the following: "One other thing worth mentioning is that there is less resistance in the price range between $4200 and $4800. This means that if BTC breaks through the $4200 level there could be a swift move back to $4830."
Today we have proof of this.
