George Soros called - he wants your bitcoin

Look at that OBV – clearly indicating that bullish volume is dominating the market.

I was happy to wake up this morning to see my stop orders had triggered at $7190 – the point where the bearish Elliott wave count was invalidated.

So what now? What’s the market sentiment?
1. OBV is in an upward trend indicating that the volume favors the bulls for the first time in over a month. This is very important to note. In the last month we had a “bull run” up to $9100 but OBV was still in a downward trend.
2. A few weeks ago there was a massive pump and about an hour or 2 later, a huge dump. Is this the same situation? I don’t think so. When the pump and dump happened, it happened when the OBV was still in a downward trend – the pump was readjusted back into the downward trend.
3. Bots react on certain market indicators like MACD, and right now there are no indicators indicating that a crash is imminent that would cause them to all behave in unison and dump the market.
4. The only thing right now that can crash the market is a whale dumping. This is of course possible at any time.
5. The overall market sentiment is obviously bullish right now. Yesterday we saw massive jumps in altcoin prices, which hasn’t happened in over a month – quite the opposite. People buying various altcoins has allowed bitcoin to move sideways and turn bullish, despite the intents of traders to crash the market.

Obviously anything is possible. I am looking to see what happens in the next few hours, which will confirm a direction. Put in your stop losses, but I think make them low. There will be some market makers who will want to dip into the liquidity pool by dumping to trigger stop losses before they push the market up again (to reduce the number of sellers who could slow the momentum).