Bitcoin: Waiting for a Table
Waiting to see if our bullish idea for Bitcoin will pan out or not, seems a bit like waiting for a table in a really good restaurant. You're annoyed that you have to wait, you don't know if you'll ever get in, but you're really looking forward trying the food if you make it to a table.
In BTCUSD, we are just waiting.
Right now, the focus is on a possible head and shoulders bottom on the CME Bitcoin futures chart. We are looking closely at Bitcoin futures for a reason. We believe that this is the contract institutional players may need to buy to boost their portfolio performance if equities are rocky headed into October.
So, we wait for a table and see if that right shoulder can form and get an up move going.
In BTCUSD, we are just waiting.
Right now, the focus is on a possible head and shoulders bottom on the CME Bitcoin futures chart. We are looking closely at Bitcoin futures for a reason. We believe that this is the contract institutional players may need to buy to boost their portfolio performance if equities are rocky headed into October.
So, we wait for a table and see if that right shoulder can form and get an up move going.
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