mortonpeak

Plenty of volatility in the BTC chart

Short
COINBASE:BTCUSD   Bitcoin
This week has been strange, as we adapt to a new paradigm, futures running in the backroom. The chart keeps plenty of good volatility, despite public sentiment to the contrary.

Holding BTC this week has been frustrating, because of a lack of breaks above 17.5K. I wanted to capture gains upwards of this, but as you can see, we may have a new paradigm, futures present, where BTC is simply tamed, and rises and falls within a more conservative channel. Of course, I remain vigilant as the chart changes. I hate the prospect of alt coins which have no future. BTC is the brand of global payments, it's just a matter of time before its dev community makes the changes needed. Forget Roger Ver, if you read his twitter, he makes it his business to convince people of the viability of BCH. If it were so, it would be so by now. The global investor community shut BCH down last time we tried to fork BTC. Anyone who has run over to BCH has been let down/pummeled.

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