BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The BTC market is unpredictable, everything in my head says it should have a retracement but my gut is telling me we have 1 more push to go through. To be honest it's a risky trade, you could get a 2k-3k per BTC trade out of this swing but seeing that Coinbase was down when we went to 8k and Gdax was experiencing massive lag you can't be really sure if you'll be able to sell, the other way would be to put limit orders, though with this volatility nothing is certain.

From what I see, we'll be getting a push to 14-15k around the Wall Street BTC Features Market, thought little people seem to know that the features market is a bet on high and lows, it's more of a casino game then actually trading, so NO NEW MONEY will be coming from that market for now. BTC seems to be moving fast, my first prediction was a 50%-65% retracement around March but now it seems it could happen anytime between the end of December and February. Nothing is certain, not sure if we should invest. 20% gains is nothing to snuff at, but is it worth to lose you're money if it goes down to 6k? The risk is insane!!!

The Parabolic movement is just insane, we've been going through 50-60% cycle the whole year. It goes up 50-60%, then down by 20-25%, then up to a new cycle the time is being halfed if that continues we should have another cycle starting now and then ending in like 5 days. THAT"S INSANE!!
correctamundo. INSANE!! The best markets to trade are the ones that are predictable (or as predictable as can be). BTC is probably the most unpredictable market there is. It seems to defy all odds, but it can't do that forever.
+1 Reply
sirkillo0o maxmann
@maxmann, I do agree, it's just not logical, though we really need a pull-back some time soon, pull-backs are healthy for the market. I'm kind of concerned about bitfinex with them not paying their taxes or bils and the dump of tether. Everything is screaming crash at February but nobody knows what'll happen
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