Quote from: mammon on August 15, 2018, 03:08:06 PM

extra info:

Price
From yesterday BTCUSD 3.96% showed a sustainable growth, with a hike in
volume after reaching the Bearish Trend Line and 6250 level. This
growth showed a supportive power of the 6000 6250 zone, which gives a
hope to bulls, but still consideration of any reversal will need more
confirmations. The most important requirements to change outlook from
bearish to correction/reversal is to stay above 6250 level. From the
above, 6600 level will be the next resistance. A comeback below 6250
and Bearish Trend Line will send the price to test the next support at
5750 (2018 low). Also, it is worth remembering that the SEC is now
scheduled to decide on the Bitcoin 3.96% ETF ruling by September 30,
so, presumably, we will not see any significant developments until this
date (or premature SEC statements), rather it will be a lateral
volatile trading ruled by rumors.

Today forecast
Trading in the 6250 6600 zone.

Latest news

   Comments from Nick Szabo on ETF
   A well-known cryptographer and pioneer in the field of smart
contracts, Nick Szabo on Twitter expressed his fears about the approval
of bitcoin-ETF. In his opinion, there will be more cons than pros from
crypto-exchange-traded funds approval.
   I for one am not lobbying for an ETF or for Wall Street-managed
money in general. It might cause more problems than it's worth. The
recent sell-off by dumb money has or soon will deprecate many
opinionated know-nothings in this space. We don't need new ones to take
their place. - @NickSzabo4
   Big whale transaction on BitMEX wallet detected
   Yesterday at 8:50 UTC time, a transaction involving 10 BTC 3.96%
went to a BitMEX-associated wallet. It didnt seem like much, but less
than half an hour later, another 16 wallets sent 17,990 BTC 3.96% ,
bringing the suspected BitMEX wallets balance to a grand total of just
a hair over 18,000 coins, this was a few hours before BTCUSD 3.96%
showed a recovery movement from the 6000 level.
   Such noticeable transactions sparked conversations and fears across
the community in multiple social networks: whether that will be a short
or a long position... Here is the synopsis of the most meaningful
opinions:
   They have to make sure the price stays below $6150 until futures
close tomorrow.
   Shorts are stacked a mile high. Expect volatility .
   Aside from the possibility that the exchange is consolidating
coins to a cold storage wallet, it could also be providing liquidity
for its trading platform. Either of these conclusions could be likely,
considering that it just recently posted another record-breaking
trading volume of over 1 million BTC 3.96% .
   Anyway, one thing stays clear, we should expect a high volatility
soon, and a fall further down stays in a high probability for now.

Because of the ETF and also because BTC is so close to 3 resistance on 4h chart, well, we could have an interesting scenario.
Over 6640 is breakout if high volume (etf approved scenario)
Slightly staying healthy above support at 6472