What's going on?
A small update for BTC
CME world's largest futures exchange will expire the first batch of BTC contracts today. It will surely influence the price by a bit because the bears & bulls smell some money. CBOE expiration didn't affect the price much because of the low volume contracts of 1 BTC. While CME contracts are 5 BTC each.
On this chart I pointed out some resistance & support lines on which level BTC may drop. It is staying between those 2 lines and looking to break out or under soon. The previous top was 11700 spot on the resistance line & will now continue downwards. The bat pattern on short period also looks bearish and there is a chance we may break down on wave 4 (x = 9k). If this happens because of a flash crash the price will rocket up to roughly 10750.
Flash crash targets:
10050
9550
9025
A small update for BTC
CME world's largest futures exchange will expire the first batch of BTC contracts today. It will surely influence the price by a bit because the bears & bulls smell some money. CBOE expiration didn't affect the price much because of the low volume contracts of 1 BTC. While CME contracts are 5 BTC each.
On this chart I pointed out some resistance & support lines on which level BTC may drop. It is staying between those 2 lines and looking to break out or under soon. The previous top was 11700 spot on the resistance line & will now continue downwards. The bat pattern on short period also looks bearish and there is a chance we may break down on wave 4 (x = 9k). If this happens because of a flash crash the price will rocket up to roughly 10750.
Flash crash targets:
10050
9550
9025