Third Dip below the 100 day MA since July - 6 month average low NOT reached

in #bitcoin6 years ago (edited)

This is why we're hanging suspended. If everybody who isn't a religious hodler, sold now we'd have a healthy rather than a sickly dip and could continue growing. The way it is, we have en erosion of trust.
I suspect we'll be crawling parallel to the light blue line which means we'll see 20k around Christmas this year. Again.
Then, we will have another luke-warm "crash." Yeah, call it an "alternative scenario" and follow a massive prophet ;)

third.png

Sort:  

Well, the first futures contracts are now expiring and so the expectation for the next contracts is to have more trading volume. That will contribute to lower the overall volatility which is a most needed property for the future we all expect for this market and for bitcoin future prices in particular.
This is better to be a growing process not a race to freakland, I hope.

Agreed. Hopefully incoming volume will not all be institutional - and I'm not talking futures here.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 57740.57
ETH 3127.01
USDT 1.00
SBD 2.33