Strong bull signals with Ichi, Once A.T.H. resistance is broken expect pump up to around R3 Pivot with wide range. Expecting a dump/retracement off the resistant line before ETF date March.11. Buy the rumour sell the news.
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We are getting close to "selling the news" and the price hasn't reached $1400 yet. Regardless, I'd "sell the news" by opening a short maybe over the weekend until it bounces back up. Chinese exchange withdrawals are open March.7 so I would close the short anytime after that day. Than price will hopefully make it's way back up to $1400 if it has not already.
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Sision
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we could see $100 moves up per 24hr these next few days!
Alex_T.
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If and when we breakout, people will start hoarding and buying like there's no tomorrow. Expect the price to (at least) double, before a significant correction occurs.
Happy trading
Sision
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@alex T., hmm it may be possible to reach $2000 in less than 2 weeks but I doubt it.
Sision
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Apparently Bitflyer is ending no fee trading March.1. Being Japan has been leading in volume recently this news is confluent bitflyer.jp/en/commission
tourist
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They could always announce the ETF decision before March 11, but I wonder if the SEC will just let the date come and the ETF happens automatically. Also the ETF only has a 25% chance of approval from what I have read.
Sision
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Bounce of R3 because of time frame for BTC to move before ETF deadline. Don't think it can explode any faster than that but who knows.