So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.
We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.
I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th
What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?
thanks
Everyone was waiting for a repeat of 17 January and as a result, today nothing happened. It was all too obvious.
I think the month will be down after the Chinese new year should go ahead. I think lightning network will impact very positively on the price of bitcoin. 26 thousand target for March