Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A (big) jump from here will make bitcoin have a confirmed:
-three rivers bottom
-giant diamond bottom
-triple bottom
...and bears will have wet-pants bottom
-three rivers bottom
-giant diamond bottom
-triple bottom
...and bears will have wet-pants bottom
I'd like to think you're right ... but until now, you're the most reliable contraindicator I've been able to find in this thread since December 17th.
Alright, so it's clear that bitcoins future trading at CME will be rolling out in approximately 3 hours and 5 minutes from now. Things are going to get interesting, I don't know why but I'm sensing $22k-$25k within first couple of hours. CBOE is nothing like CME, CME has a much larger volume than CBOE. So we can go more wilder than before.
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
I read that message as they say TODAY that trading will start TOMORROW.
Well I re-read that and seems like you're correct. Today they notified that tomorrow the trading will begin.
I think the next 28 hours can go in a big pump-mode, and then the market will calm down. I still think it can cross $22k to $25k within or right after this period.
The price drops to ~ 10700
Below $7k-$8k, there're heck of buy orders ready, so there's almost no chance of seeing $6xxx again IMO.
Bitcoin seems to be stabilizing at $11,000, and looking bullish. I'd not be surprised if it surpasses $12,000 within the next 2 days.
Days later price crashes to ~ 7000
Ignore the green/red combination of candles, but this is something that's probably gonna happen in next 3 days:
3 days later, the price touches ~ 6400
This is probably the last month (*of our lifetimes) which can get you a bitcoin for below $10,000.
We've strong support at around $7800, probably, we're not going below that.
Days later price drops around ~ 7000