I've noticed a correlation between the next push of the dollar, and the next slide of BTC. They do not correlate in time, but there is a shift.
Some time after the dollar push up, BTC push down. There was a recent push up for the dollar. Watch and compare the two charts. This time it's gonna be deep slide for BTC, because an important support zone when too much hopes and fears and dissapointment are concentrated.
WARN: It will drop so sharply may even go below 150 in a sharp burst, because a great supply will occure and the currently placed buy on dips orders will not be able to cover the supply.
That's if you trade directly on the exchange.
WARN: If you trade with a marker maker's stop loss orders are likely not to work too.
Some time after the dollar push up, BTC push down. There was a recent push up for the dollar. Watch and compare the two charts. This time it's gonna be deep slide for BTC, because an important support zone when too much hopes and fears and dissapointment are concentrated.
WARN: It will drop so sharply may even go below 150 in a sharp burst, because a great supply will occure and the currently placed buy on dips orders will not be able to cover the supply.
That's if you trade directly on the exchange.
WARN: If you trade with a marker maker's stop loss orders are likely not to work too.