While #BITCOIN pauses for a breather between 8354 and 8000 levels #ETHUSD and #BCHUSD are trailing in the same manner and direction with the classic leader.
As mentioned, that a 'TUG of WAR' has emerged from the surging crypto currency market that have taken notice on Wall Street big wigs. Especially so when the soon to open Bitcoin futures takes into center stage led by the #CME. Its going to be a sight to see who among these players on Wall street shines in the opening bell. While the community may just be on the initial sideline with a wait / see attitude.
May not have gotten the full run on the classic but sure enough the GBTC has managed to outperform our earlier expectation of an exceptional market rally just well within one year.
Price Update: GBTC Above 1200 as of Nov 28, 2017
Price Update: GBTC Above 1200 as of Nov 28, 2017
Note: On the tech angle the 'Divergence' between Price & Volume' remains intact that the third swing higher can well have a significant impact on price action until a probable melt-up occurs on a much higher price level. You'll know when it happens!
ReplyDeleteThe strong demand for Bitcoin working over the weekend with a high at 9600 have indeed spilled over to the rest of the market. Alternate price swings are to be expected and this would be good for keeping the market sentiments healthy and remain at the higher band of the price range.
ReplyDeleteBroadening investor's horizons with Bitcoin has now taken the pinnacle form where prices are nearing the 10k mark that was previous called last month.
ReplyDeleteAppreciation of Bitcoin market prices can only be described by those tactical investors / traders who decided as early as last year alone have enhanced their portfolio exceptionally well by now. And this came from the least expected price action that BTCUSD, ETHUSD & GBTC have gained in just 2017.
As a matter of strategy, being able to protect these gains made from an exceptional run with Bitcoin, Ether and GBTC it would wise to start preparing protective strategies in the event that an adverse price fluctuations on these market starts heading south of the border.
ReplyDeleteWe all know , what goes up would certainly go down. With volatile markets, the launching of the CME Bitcoin futures and ETFs, these are excellent alternatives to use a medium for 'hedging' purposes. Although, cashing in a few when its time to do so would not be too bad after all.
And we have to admit that we were fortunate enough to have literally walked though this bull run since establishing our Crypto holdings and ETF as part of our strategic portfolio management. Getting prepared and ready is a very wise consideration.