bshgeo

BITCOIN DAILY CHART - JAN 7.2018 WITH ELLIOT COUNT

Long
BITSTAMP:BTCUSD   Bitcoin
BTC IS IN AN EXTENDING "B" WAVE OF A-B-C PATTERN. B WAVES CAN SET NEW ATH PRIOR TO C WAVE CORRECTION. FUTURES EXPIRE ON JAN 18TH WHICH WILL CREATE HIGH VOLATILITY AND POTENTIAL FOR A MASSIVE SELL OFF. ALL FUTURES ARE TIED TO GEMINI EXCHANGE FOR CLOSING AND GEMINI'S ABILITY TO HANDLE THE VOLUMES MAY NOT BE CAPABLE. REGARDLESS, THIS IS THE FIRST FUTURES "TEST" OF GEMINI'S ABILITY AND IF INCAPABLE COULD CAUSE A SERIOUS SELL OFF OR LIQUIDITY FREEZE LEAVING FUTURES UNABLE TO CLOSE. THIS WILL PROVE AN INTERESTING EXPIRATION DATE AND BE HISTORICAL. GOOD LUCK TO ALL.
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