Bitcoin CME Futures Expiring Today so BTC Dipping How Low?

by Franco on January 26, 2018

BITCOIN CHARTING TECHNICAL ANALYSIS: Bitcoin CME Futures Expiring Today so BTC Dipping How Low?

Crypto School Learn Cryptocurrency Trading Research Simple Freedom Academy Bitcoin Basics

Haejin Lee with an update on bitcoin and its chart pattern and technical analysis. Really would be nice to see one more lower low on this wedge to get a really nice bullish bounce from it.

Altcoin trading rides on the whims of bitcoin still. When bitcoin runs up hard, altcoins bleed. When bitcoin dives lower hard, altcoins bleed. When bitcoin is stable and on a bullish, healthy rise, altcoins thrive and run.

We’ve been reporting on this situation now for over a week. Bitcoin still trading inside a range between $10K and $12K and that support and resistance pair has proven tough to break.

If btc, on this expiration of CME Futures contracts is driven to finally touch a lower low and get close to the $9,000 support, it may actually be more healthy for its bullish run in 2018.

It can then take a nice jog up to $12K, then toward $15K and $20K.

Lots of new money still flowing into the crypto space and more exchange opportunities opening up now as the latest, from mobile app stock trading platform, Robinhood has announced that it’s opening up trading in bitcoin and ethereum for a potential (and much needed) competition to Coinbase.

SIMPLE FREEDOM ACADEMY: Learn What a Growing Community of Cryptocurrency and Bitcoin Enthusiasts are Doing to Accumulate More Coins and Profit from Buying, Holding and Trading Bitcoin and Altcoins – Daily Training, News and Updates

Simple Freedom Academy Tradingview Chart Analysis Tutorial Cryptocurrency and bitcoin trading alerts and education

FREE: Download the TELEGRAM APP on Your Smart Phone and Get FAST UPDATES, ALERTS and Inside Intel on What’s Happening in the Bitcoin and Cryptocurrency Space WAY BEFORE the “Lame Stream Fake News Media” Feeds You Garbage, FUD and Clueless Hype – GET TELEGRAM FREE BELOW…

Simple Freedom Bitcoin Telegram Channel

Comments

comments

Previous post:

Next post: