Ppl say that futures traders now dictate the price of BTC. Doesn't look that way to me.
Observing how BTC loves H&S formations you can never put too many of them in the chart. :) I'd like to hope that the dip is over and we can go on with our lives, but many TA I've seen and articles I've read mention that 8k target. Could still be valid and considering CME contract end on 26th this could be a plausible move. Happy surfing!
Ppl are saying that the bitcoin price is now dictated by futures traders. The data disagrees.
Sept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was...
BTC Vs USD, CME, hourly chart. BTCF2018. Current trends
BTCUSD update: Minor retrace to the 18k level followed by a bullish pin bar off of a narrowing channel that points to an attempt at 20k. Now that both the CBOE and CME futures are in play, I anticipate more and more price noise in this market, and based on the current structure, a test of the psychological 20k level. As far as levels goes, not much has changed...
-Previously on the 10th we saw immediate sell offs in fear of the C-B-O-E futures, but never retraced past wave 1. (Rule 1) -Today on the 17th we see a similar sell offs following the C-M-E futures, but wave 4 did not break previous gains from Wave 1. (Rule 3) -Physiological affects futures stop B-T-C gains in the short-term, but believe we could see B-T-C all...
IOTA is one of the altcoins I have the most trust in. Right now lot's of people will not believe that it could go up again. Quite normal, everybody was calling XRP a shitcoin last week untill it went up and we all were ripplelovers. I've published another IOTA/BTC chart before. Now I feel that there could be two possible futures for IOTA and I can't decide which...
If we dump before CME, the lowest we will see is 16k. End all be all is 21k. Any buys or longs (on low leverage), in the range between 16k and ATH, will be profitable by CME Date. Good luck
Ok so here is a possible situation.. BTC Is being pumped (parabolicly) buy big money investors until the launch of CME futures on the 17th Dec 2017. This is when they will open a short position on BTC and dump their holdings. FUD will start to spread and panic will set in. People will panic sell and the price will plummet to around $10k. *Please note* This is...
Once again have a near to perfect setup for an ABCD pattern! Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less. IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern. This could take us down into the 12,000 range before finding possible support. One...
BTC on the daily (D) macro logarithmic with parabolic trend What we saw in the most recent move was an unprecedented bullish exit move of +45% out of a parabolic trend ! =BUYTHENEWS - CME/CBOE futures With the also unprecedented first time implementation of futures into crypto market itself it is entirely possible we could see a -45% mirror of this move...
Given last night's pullback, and Asia's refusal to save it, we have a penant. BTC's favorite formation. I like to draw a horizontal at the mid point of its apex, then redraw the trend running up the spine of it, as a continuation of trend. I am drawing a pessimistic penant, assuming we're at a dip. It should hold like this, pure misery for days. Interesting...
Trend predictions based on current market conditions as of November 29th. Using a logarithmic y-axis scale. Strong growth channel #2 (light green parallel channel) indicates that the price of bitcoin will be in the range of 12,600–15,500 USD by December 10th–11th right around the time of adoption into bitcoin futures trading on the CME. The average price of that...
Broke out of uptrend with high volume. CFTC showed specs were long, so there is plenty of room to the downside. Spreads have been weak and option volatility was low before breakout. As it broke to the downside, longs scrambled to protect with an downside puts and panic left option vol to increase by over 6 points. On the downside, i am looking into the...