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Title: Bitcoin Price Surges to $360s After Settlement on OKCoin Futures Post by: bitcoinmarkets on November 27, 2015, 10:03:51 AM Original link: http://www.bitcoinfuturesguide.com/bitcoin-blog/btcusd-surges-post-settlement-as-bulls-take-bitcoin-back-into-the-360s
(http://www.bitcoinfuturesguide.com/bitcoin-blog/btcusd-surges-post-settlement-as-bulls-take-bitcoin-back-into-the-360s) http://www.bitcoinfuturesguide.com/uploads/6/4/6/5/64656757/8863458_orig.png What a great settlement over at OKCoin. Look closely at the chart above: 9:00 is settlement, and RIGHT after, the price surged. This is no coincidence. Seasoned traders know the importance of OKCoin's weekly settlement time. There is a tendency for action to hit the market before and after this event, and can often serve as an inflection point for price changes and signify bigger moves for the weekend to come. One thing is clear from today: when you see a nearly 5% move in the price occurring immediately to the minute after settlement on OKCoin futures, you need to pay attention to this weekly event. http://www.bitcoinfuturesguide.com/uploads/6/4/6/5/64656757/9751560.png Over in the spot markets in China, that 2200 CNY level that we previously broke through is now serving as a sort of support, as we confidently pump into the 2300s. Over at Bitfinex, the 12-hour candles give an interesting picture of just how sweet this breakout has been from that snoozefest of a week we had before: http://www.bitcoinfuturesguide.com/uploads/6/4/6/5/64656757/6793688_orig.png Some nice fat green daily candles that woke up this sleeping beauty of our beloved bitcoin. We blew away the resistance there in the $340's and there's strong bullish sentiment reflected in the futures markets, as OKCoin Quarterlies are at a $20 premium: http://www.bitcoinfuturesguide.com/uploads/6/4/6/5/64656757/1034391_orig.png Overall the sentiment is turning quite bullish. Volatility is back and it's here to stay for now, and after we have just broken a key resistence level on the 4-hour chart we could be breaking out big here. The weekend would allow for a perfect time to make a big move, as liquidity tends to be a bit lighter and the market is a bit more susceptible to being pushed around. So keep an eye out for some action here in the next few days. Title: Re: Bitcoin Price Surges to $360s After Settlement on OKCoin Futures Post by: thejaytiesto on November 27, 2015, 04:21:06 PM It's really hard to determinate exactly why the price goes up. Of course this helped but there is a lot more going own. Visa just said that basically other chains that aren't the Bitcoin blockchain are basically vaporware... this is huge news and anyone with a brain can see the bullish feel all over the place.
Title: Re: Bitcoin Price Surges to $360s After Settlement on OKCoin Futures Post by: Pab on November 27, 2015, 04:49:58 PM Very good analysys>I think btc is already recognised like alternatve investment,something like emerging investment
Gold down to 1055$ ,6 years low,Goldman issued report.USA stocks will finish2016 on same level what is know Shanghai Composite down 5.5m todday,becouse Chinise scrutinity has opened hasasdiscovered fraud in three largers Chinise Securities,investigetion ongoing and most importent,In Dec Fed will raise rates.Dollar will be stronger,emerging currencys will oose.uro also,Draghi is going to increase EBC QE All together with raising interesting in blockchain is causing price rise |
