So again the bulls and bears fight over which way Bitcoin is headed, we can see a clear bounce from a major support level around high 12000's
most probably see a retest of this, and if breaks down headed toward the lower area's of the Gann Fan
seems like the top of bounce peaked at 14500 if it moves up out of the lines will consider a more bullish stance, otherwise we on course for a HUGE correction, could be days, weeks, xmas will throw in extra mix this year with all new popularity and 24/7 markets
if it does break down use the gann fan levels for rebuy areas, if not hold onto your as 22k is on the Xmas cards list....
if bitcoin goes below 9200, it will be serious down trend and bring a lot of the market with it, could be a BCH play/switch too, im not ruling that out
and with that have a very festive and merry period wherever u are or pray too, peace n love innit mate! (personally this year is all about Star Wars)
Dagangan aktif
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Death cross on the 4hr Chart :)
Dagangan ditutup secara manual
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Recorrection is over, could be another one for a real test
the future contracts tomorrow are long only contracts.
monitorr
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@maddycurrupt, so would that mean there can only be a price rise?
YOBRO220
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@monitorr, Yes if people look at the future prices to be leading in real prices. This could also be a coordinated attack on btc to long tomorrow and then short the xx out of it on the 18th?
Possibilities.
One thing is for sure. There will be no boost in marketcap due to the live going of the futures. Futures are based on price of btc and speculating on it. Piece of paper(contract) against cash.
This is one of the things which caused the world financial crisis in 2008 due to the housing bubble. Not trading the real thing but trading something else based on the price of the real thing. I am personally not happy with this for the future of BTC.
Cradlethebomb
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@filipnr1, Biggest red candle in BTC history?
are you sure? I feel like I've seen bigger drops. Percentage?