16,100 this is the 1 week lows. Already blew threw it once today. If this area folds we should see 13,700. This is 1 month big support area. PONZI SCHEME's all end badly.
This isn't just a rotation. This is the beginning of the dump cycle. BCH amazing spike of 50%. Great for short term traders. Lock it up before you go belly up. BITCOIN freefall back again 15,900 and tumbling.
If you see trades it's rare to see a full bitcoin traded. Retail trying to get rich fast. Big money dumping to retail fools thinking they are buying the dip. If this was a dip before another spike we'd see full coins being bought buy big money. I saw a trade as low as $5 go off. Don't be surprised to see 13,700 by tomorrow.
Heh. Anyone who shorted BTC yesterday morning is looking at about $15K per contract at the moment. Anyone here take the plunge? I certainly did not. Way too crazy for my tastes.
Today's tail looks alot like the inverse of that parabolic up tail earlier this month. I hope someone is recording the 3000+ coin Bcash sell wall at Gdax. Edit: Went from 3000 coin wall to 4000 in 21 minutes.
On the daily chart price bounced from the SMA line of 16K... BCH is over 3K, the flippening is happening! In 3 months their prices will be equal. Don't fork my coin, bro!