Expecting Ranging Market Continue on BTCWith all of these following dates to watch, we are expect ranging market still continue till 29th - 30th September this year. This opinion based on the market psychology where people are expecting a result after the decision of ETF. If it got rejected then we will entering bearish zone and if it approved we're looking to enter resistance area and even more, a higher chance for bull season.
In this ranging market we hope you guys doing good and still making some money playing leverage on Bitmex or Bitfinex with resistance around $6300 and support $6150. If some volatility before that dates we will know that somebody already know the result. But after 8 months of bearish season, there is higher chance that people with large capital accumulating smartly at the bottom around $5800 - $6100. So by any means we really wanted to say that we're already find the bottom of this year. As JPMorgan predicting 2020 as the year of the next crisis, we probably will find volatility in our economy but it's good for Cryptocurrency environment, because Bitcoin was born from bear market. Well, this premise also have some contra facts but we hope the best happening for majority of people.
Dates to be watched:
- 19 SEP: CBOE XBT/U8 Future Expiration
- 21 SEP: Direxion ETF Final Deadline
- 23 SEP: Eqinox
- 26 SEP: 11 MTGox creditor’s meeting
- 30 SEP: CBOE VanEck / SolidX ETF Second Deadline
Updated Bitcoin CME and CBOE expiration dates with the following important dates this month:
- CBOE expiration 19th Sept
- CME expiration 28th Sept
