Expect BTCEUR to run up to 13500 and then drop to 10.000 level
We have some volatile expectations next week with the alleged start of BTC-futures trading.
I think it will send BTC down to 10.000 level after a quick surge up to the 13500 level (running the stops).
Must say this is a guess, not directly supported by technicals (yet).
But it is fair to expect some kind of surprise move with the futures-trading coming at us.
I think it will send BTC down to 10.000 level after a quick surge up to the 13500 level (running the stops).
Must say this is a guess, not directly supported by technicals (yet).
But it is fair to expect some kind of surprise move with the futures-trading coming at us.
Idea Berkaitan
ZaneCEO
Hello, thanks for your analysis. Are you still confidend on the 10k level?
Balas
mybitcoinage
The question I have is: why do you assume it will go down in waves rather than stabilizing around 11/11k?
Balas
xtrader1
mybitcoinage
@mybitcoinage, Price moves with intent. The intent here are the stops at the mentioned major handles. Why in waves? That is how price moves. Usually it lacks the liquidity to do it one sustained move.
Balas
mybitcoinage
xtrader1
@xtrader1, but it has stabilized ... ;-) No more waves, or let's say: they where much smaller.
Balas
xtrader1
mybitcoinage
@mybitcoinage, one has to consider time and price. Waves do not always move symetric in time. After 2nd wave we see often a retrace to run the stops.
Balas