Pretty simple really. Although I have no clue what I'm doing.
No indicators, no analysis, no magic....just common sense.
Wall Street- "Lets open futures on BTC"
Other Wall Street-"Yeah, lets buy some first and then announce that we'll do that"
WS-"GENIUS!"
Announcement- "Bitcoin Being Adopted By Legitimate Trading Exchanges", "Futures Will Come to BTC", "Cash Settled Derivatives to be Traded on BTC Futures"
John Q. Public - "OMFG BTC is MOOOOOOOON, BUY NOW I'M FOMO!!!!!!!!"
BTC- Okay we moon now.
WS - "They bought it, *chuckles*, LOL!"
OWS - "Now what?"
WS - "Open a 10000x leveraged short and dump it."
John Q. Public - "OMFG, Buy High and Sell Low, I'm REKT."
BTC - We no moon any more.
Charts are silly.
No indicators, no analysis, no magic....just common sense.
Wall Street- "Lets open futures on BTC"
Other Wall Street-"Yeah, lets buy some first and then announce that we'll do that"
WS-"GENIUS!"
Announcement- "Bitcoin Being Adopted By Legitimate Trading Exchanges", "Futures Will Come to BTC", "Cash Settled Derivatives to be Traded on BTC Futures"
John Q. Public - "OMFG BTC is MOOOOOOOON, BUY NOW I'M FOMO!!!!!!!!"
BTC- Okay we moon now.
WS - "They bought it, *chuckles*, LOL!"
OWS - "Now what?"
WS - "Open a 10000x leveraged short and dump it."
John Q. Public - "OMFG, Buy High and Sell Low, I'm REKT."
BTC - We no moon any more.
Charts are silly.