Mr_Net

Mr_Net

As you can see, there is an interesting pattern forming. BTC follows CNY's decline in value in a inverted manner with less and lesser of a delay responding quicker to the CNY movement. The market is getting more efficient at responding to the demand that emerges through the devaluation of the CNY.

Mr_Net

Loaded breakout at apex and during block-reward halving.

Mr_Net Updated 

Going to see a drop just below 7$ within the next 7 days. Make sure to close your short in that range due to heavy resistance at these levels.

Mr_Net Updated 

Classic PnD.

Mr_Net

Blue zone on the right is where the block reward is going to halve, its a wide area because its uncertain when excatly it is going to happen due too difficulty and hash rate fluctuations. Bitcoin has been consolidating for a few weeks now, making the breakout explosive when it happens. The BTC community keeps growing every day, building bullish pressure. Just keep...

Mr_Net

Bitcoin has seen lots of triangulatory behavior lately. With a great deal of uncertainty of how the breakout is going to behave, or if at all a breakout occurs. Considering this it is wise to be prepared for both, a breakout up or down. But if one takes the historical trend in account, that BTC has seen a significant increase in transactions where price is lagging...

Mr_Net

Likely to enter a semi bear phase.