s we see on the expiry dates of both CME and CBOE -1.72% futures , Bitcoin -0.31% price generally drops heavily. This trend has to end at some point and always comes back from the dip level (6K-7K) that is defined when those companies announced they will launch those futures . This is the time the financial wolves joined the game and became market makers. This dip is the exact bitcoin -0.31% price when it was announced.
So I'm pretty sure we will not go below. I don't know how many cycles it will take to boost and market makers play the bull, we will see but at some point this will happen. Also the cycles of shorts is telling us that not so long. Every time they decrease, the highest level of shorts reach is getting lower. So this paradox should end a new cycle should start in as of next week.
I'm long in bitcoin -0.31% ... We will see a bullish market in august and september...
So I'm pretty sure we will not go below. I don't know how many cycles it will take to boost and market makers play the bull, we will see but at some point this will happen. Also the cycles of shorts is telling us that not so long. Every time they decrease, the highest level of shorts reach is getting lower. So this paradox should end a new cycle should start in as of next week.
I'm long in bitcoin -0.31% ... We will see a bullish market in august and september...
Comment:
CBOE expiry for July is approaching, 19th July. Potentially we will see a slight increase till 14th-15th July and we will have a slight decrease towards the 19th july. After that we will see the first insight about what CME futures will be, with the target of end Aug future to be on the Long side, it should start increasing after 19th July but not higher to the level of CME future expiring in July (openned at 9,200). Let's see...
Comment:
Although it is experiencing slight variance from the forecast, i see shoulder-head-shoulder ending on 19th July. That means, next 6 days we will have slight increases back to the forecast of 6600-6800 bracket. Then we'll see what happens...
Comment:
the logic overall works well so far... Started picking up around 19th July, moving towards 9,000... Will reach CME expiry date somewhere between 8,500-9,000 i think. After that, still the opinion is august future will be long... Even it is currently at a higher level compared to opening of this future (7,200-7,500)... Potentially market makers will wait couple of days before pumping to see an increase in the shorts... But seeing longs dropped with the latest upside, we may see the pump earlier... Good luck all pro-coin friends :)