Reasoning:
- CME Bitcoin Futures to expire on the 26th of January - this will lead to a rise in the days before the 26th so that the manipulators can squeeze the most out of this bear run and sell as high up as possible and the begin the massive crash to fulfil their short contracts. After that expect to see a bull market as Bitcoin has bottomed out and will be manipulated up because the big investors came for the massive gains and they will not be happy with 2% gains per day.
This also happened with the CBOE Futures market. They pulled off the exact same stunt on the 18th with the massive crash.
Conclusion - Short:
Short as soon as possible; buy the dip.
~Drop a like if this helped you in anyway~
- CME Bitcoin Futures to expire on the 26th of January - this will lead to a rise in the days before the 26th so that the manipulators can squeeze the most out of this bear run and sell as high up as possible and the begin the massive crash to fulfil their short contracts. After that expect to see a bull market as Bitcoin has bottomed out and will be manipulated up because the big investors came for the massive gains and they will not be happy with 2% gains per day.
This also happened with the CBOE Futures market. They pulled off the exact same stunt on the 18th with the massive crash.
Conclusion - Short:
Short as soon as possible; buy the dip.
~Drop a like if this helped you in anyway~
Comment:
At the moment, I am not seeing the signs I anticipated in the hours before the crash. It looks like the bears have not moved to push prices down prior to the futures expiring but there still is a chance that it could happen.
Comment:
Bitcoin:
The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%
Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.
The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%
Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.
Trade closed: stop reached:
Bitcoin did not correct as anticipated. I have a new idea which can be found here:
There is no speculation on this one except pure indicators. Bitcoin short term may have a dead cat bounce but if you take a look at the bigger picture, Bitcoin may finally go down to 8000.
