CerealTrader

CerealTrader

Futures have had a wide ranging effect on BTC, from the rumor rise in June that CME will release at years end, to the parabolic rise before possible shorting to double dip profit taking, now an overall reduction in volatility similar to that of the commodities futures of Gold, Silver when first introduced way back when. Future's previous effect on the Bitcoin...

CerealTrader Updated 

The MA is getting within 10(MA) to 20(MA) being most useful but reactive so using McGinley Dynamic as possible buy/sell position indicator...and possibly expose future direction. Considering Bear Flag Formation, if flag pole initalised, triggers the next leg which will cross over/under Mcginley Dynamic indicator ($8200) and encounter large resistance to bounce...

CerealTrader Updated 

Next few days should prove to be decisive for BTC if the attempt to break $10400 consolidated Fibonacci levels fails, with the 200(MA) being tightly held and leading out of Ichimoku Cloud which should attract shorts, sliding along Senkou Span B may be possible but unlikely as the thickness will provide resistance while aggressive trading could expose stop loss...

CerealTrader

After double bottom, BTC attempting bull flag formation. If attempt fails to break $10000 and with volume at its lowest levels for years (even with segwit @ 30% and group blocking inc) sliding along the downward trend channel towards previous lower level support seems likely. P.S first post thks..take it easy on it