A Game of Coins - BTC What's Next!?
A Game of Coins
With the relatively "stable" price action currently on BTC, there is an air of "what's next" amongst traders and investors.
As you can see from the hourly short term chart, the current BTCUSD price action over the last few days has been in a range of between 14K - 18K, give or take a few spikes. As such, the circa 30% fluctuation is nothing to be sniffed at - which in my eyes on a good day, is a pretty good "dip" opportunity.
Could it be the calm before the storm? Is sh*t about to go down!? CME futures launch on Mon 18th. Who knows - but at the moment, we are seeing Altcoin spikes, as investors move from BTCUSD to Alts as a quick "hit" for the relatively stable BTC market.
I may add a small position if we head back down to the ~14K BTCUSD mark - however, I'm also keeping a close eye on the general market sentiment.
There may be blood coming!
Trading Standpoint - NEUTRAL (short term)
A Game of Coins
Created to share | Cryptocurrency| Trends | Trading | Investing | Data Analytics
Join us on Twitter and Slack
With the relatively "stable" price action currently on BTC, there is an air of "what's next" amongst traders and investors.
As you can see from the hourly short term chart, the current BTCUSD price action over the last few days has been in a range of between 14K - 18K, give or take a few spikes. As such, the circa 30% fluctuation is nothing to be sniffed at - which in my eyes on a good day, is a pretty good "dip" opportunity.
Could it be the calm before the storm? Is sh*t about to go down!? CME futures launch on Mon 18th. Who knows - but at the moment, we are seeing Altcoin spikes, as investors move from BTCUSD to Alts as a quick "hit" for the relatively stable BTC market.
I may add a small position if we head back down to the ~14K BTCUSD mark - however, I'm also keeping a close eye on the general market sentiment.
There may be blood coming!
Trading Standpoint - NEUTRAL (short term)
A Game of Coins
Created to share | Cryptocurrency| Trends | Trading | Investing | Data Analytics
Join us on Twitter and Slack
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