Since BTC started going parabolic, there's very little that can stop it now. At least not in the short term. Q4 17 CME Group will open their futures contracts for the public and I bet a penny that BTC will get another boost maybe even reaching $10.000. TA doesn't work when the fundamentals are like a rocket.
UnknownUnicorn1048037
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@AdrianZieniewicz, it's crazy I know, but what can we do then, the chart says like that
AdrianZen
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@WiwittachaiTangsiriwattana, Your chart is elegant, I would say. That's what we would normally expect after a bull run but the CME, I think, started a whole new chapter. We'll see how it goes though. We'll try to grab some more coins when they start dropping down.
AdrianZen
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@AdrianZieniewicz, I think we'll see the top around 15th or 16th, try to update the chart then :).
UnknownUnicorn1048037
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@AdrianZieniewicz, Sure bro, we could go up higher than this of course, but it's gonna crash hard after Segwit2x
cukongpumping
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@WiwittachaiTangsiriwattana, That chart? LOL... so simple chart?
one000
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@AdrianZieniewicz, I agree, CME, started a new chapter, its similar in nature to china ban / Jamie FUD. That also tells how sensitive this whole space is to news and announcements. Just one more boost / FUD and we are 60% north or towards south.
UnknownUnicorn1048037
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@one000, I agree with you that this market can easily be affected by the news/fud, but don't forget that the money were flowing from alts to btc because of free segwit coin. There must be a big crash somehow
hamora
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Everybody suggested to short since 6k.
The greed is off the roof - no short will occur before it gets to 8k.
And probably way more...
UnknownUnicorn1048037
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@hamora, Well at least I didn't xD, each top was 2000 apart, 7000 would be a nice spot