srankoin

BItcoin and futures?

COINBASE:BTCUSD   Bitcoin / Dolar
Hello Everyone and I hope everyone is enjoying the new year!

These are my views for what might happen to bitcoin             over the next couple days.
The first cboe             futures came out on Dec 10. The Cme futures came out on dec. 17th.
You guys remember the price of bitcoin             around that time?

We were nearing almost 20k! The first round of contracts end on Jan 13th. Almost all institutions were in to short bitcoin             so they could sweep it from beneath our feet!!

Rsi from a daily perspective is getting better but i would like it to go lower. If you go on the monthly or weekly view, indicators are terrifying. But this is crypto!

I am not calculating an exact path of the the 3 waves of the y leg. I have drawn out 3 zones to look out for with possible entries on each.

Let me know your thoughts and comments and how you think the ending of first round of futures will affect our price!!

Cheers


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