Dr_Futures

BTC is still very weak

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BITFINEX:BTCUSD   Bitcoin
I have one problem with BTC: yesterday at about 7350 we had good news "G20" and BTC rose from the dead, except it didn't. From yesterday to today only retail volume bought the news while institutional money was still bearish. Momentum suggests that bulls have been flushed out and a reversal is imminent. In other words bulls need a real influx of money to keep them alive "institutional money that is".

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