There's no telling how high we can go in the next 2 weeks before the close of the 9 candles on Weekly and Monthly time frame.
The good news is that we didn't correct to $5,000, we bottomed at about $5,500, so that tells me $5,000 will be a strong support bottom for when we start our potential multi month correction, and it will only get stronger the higher we go over the next 2 weeks.
The bad news is that the Chicago Mercantile Exchange Bitcoin Futures trading starts sometime in December which could allow for greater selling pressure and drive price lower that $5,000. Maybe the institutional politicians and bankers plan to drop the price 80%, like it did back in 2013. Let's hope not.
The good news is that we didn't correct to $5,000, we bottomed at about $5,500, so that tells me $5,000 will be a strong support bottom for when we start our potential multi month correction, and it will only get stronger the higher we go over the next 2 weeks.
The bad news is that the Chicago Mercantile Exchange Bitcoin Futures trading starts sometime in December which could allow for greater selling pressure and drive price lower that $5,000. Maybe the institutional politicians and bankers plan to drop the price 80%, like it did back in 2013. Let's hope not.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.