Google "blow out top"

[MarquiseMuseum]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k


http://oi68.tinypic.com/25r1fle.jpg

See you at 8500 on monday

[illyiller]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k

See you at 8500 on monday

I think it's usually called a "blow-off top."

You should probably stop watching this sort of price action in linear. This is logarithmic growth, so it should be analyzed on a log chart. From that perspective, we only just broke upper log trend resistance four days ago on the way to $20,000 on Coinbase. We're now testing that same channel.

This price action doesn't look like a blow-off yet. The crash should happen much faster. There's still too much dip buying going on.

[cpfreeplz]

Your random old bullshit magic hokus pokus stock tech analysis means nothing. Bitcoin is a currency, not some business. It's worth all of the money in the world. If any country isn't using bitcoin, it's undervalued.

[jorneyflair]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k


http://oi68.tinypic.com/25r1fle.jpg

See you at 8500 on monday

Your charts would have matched bitcoin's price charts for the past 6 months. Every single time bitcoin got pumped you guys have been saying that it's the top or whatever. But every single time, the bears have been proven to be wrong.

I'm not saying it's impossible but seems unlikely for this price to stay long before rallies come back and everyone suddenly turn bullish once again.

Your random old bullshit magic hokus pokus stock tech analysis means nothing. Bitcoin is a currency, not some business. It's worth all of the money in the world. If any country isn't using bitcoin, it's undervalued.

Perfectly explained. In the long term, this current price is hugely undervalued still. If it's not equal to at least the M1 currency supply of a single country, then it is undervalued. And right now BTC's market cap isn't even 1/10th of US's M1 currency supply.

[MarquiseMuseum]

right down to 12.8 but taking a corner position now cause its gonna wedge hard, still waiting for masterlucs 10k with the bulk of investment, don't think its gonna happen

also goofed up with wallet exchange fees which is too expensive to go in and out of position didn't realize it so sticking to the eth main holding since $10...

[TERA2]

[bill gator]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k

See you at 8500 on monday

I think it's usually called a "blow-off top."

You should probably stop watching this sort of price action in linear. This is logarithmic growth, so it should be analyzed on a log chart. From that perspective, we only just broke upper log trend resistance four days ago on the way to $20,000 on Coinbase. We're now testing that same channel.

This price action doesn't look like a blow-off yet. The crash should happen much faster. There's still too much dip buying going on.

I agree with this fellow talking about the logarithmic growth and resistance channels, that's how I've been trading my coin on exchanges and I keep coming out on top. It definitely seems more realistic that this would be the proper lens to view the price changes, rather than what OP is suggesting. In fact I'd be willing to bet that Monday sees a price increase on bitcoin, and OP gets to adjust their view on bitcoin to a little more realistic away from pessimism. There will be buyers, sellers, traders, town-criers, pumps and dumps with the incoming investors/futures, but we did fine before them and we'll continue to grow at an absurd rate while they remain short-sighted and naive. More like "see you at 18,000 Monday."

[aso118]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k


http://oi68.tinypic.com/25r1fle.jpg

See you at 8500 on monday

Charts and technical analysis don't incorporate the fact that Bitcoin futures will start trading today. We will soon see whether institutional money starts flowing in and whether short traders start becoming active. That will be the overall determinant of Bitcoins price. Not how some chart looked in the past.

[TERA2]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

[criptix]

read the investopedia article and then go back to google and click pictures, then check 3 month bitcoin chart linear, enjoy, im out @ 15k


http://oi68.tinypic.com/25r1fle.jpg

See you at 8500 on monday

Charts and technical analysis don't incorporate the fact that Bitcoin futures will start trading today. We will soon see whether institutional money starts flowing in and whether short traders start becoming active. That will be the overall determinant of Bitcoins price. Not how some chart looked in the past.

hmmmmm

PRICE LIMITS AND TRADING HALTS

-Cboe will halt trading in its contract for 2 minutes if the best bid in the XBT futures contract closest to expiration is 10 percent or more above or below the daily settlement price of that contract on the prior business day.

Once trading resumes, if the best bid in the XBT futures contract closest to expiration is 20 percent or more above or below the daily settlement price of that contract on the prior business day, the futures will be halted for 5 minutes.

-CME will apply price limits, also known as circuit breakers, to its bitcoin futures of 7 percent, 13 percent, and 20 percent to the futures fixing price. Trading will not be allowed outside of the 20 percent price limit.

Sources: Cboe and CME
https://www.reuters.com/article/us-bitcoin-futures-contracts-factbox/factbox-cboe-cme-to-launch-bitcoin-futures-contracts-idUSKBN1E10J8

[criptix]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

Future Contracts Arbitrage 101:

https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

https://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html

[TERA2]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

Future Contracts Arbitrage 101:

https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

https://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html

Bitmex is bitcoin settled. Im talking the upcoming CME/CBOE futures.

[criptix]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

Future Contracts Arbitrage 101:

https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

https://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html

Bitmex is bitcoin settled. Im talking the upcoming CME/CBOE futures.

If futures at CME/CBOE are traded at a premium, you buy bitcoin on the market at spotprice and short CME/CBOE futures.
The difference minus fees is your arbitrage profit!
With this you also dont run into a total loss --> if btc goes up, the btc you hold is worth more while the future worth less - if btc goes down, the btc you hold is worth less but the future contract worth more.

[TERA2]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

Future Contracts Arbitrage 101:

https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

https://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html

Bitmex is bitcoin settled. Im talking the upcoming CME/CBOE futures.

If futures at CME/CBOE are traded at a premium, you buy bitcoin on the market at spotprice and short CME/CBOE futures.
The difference minus fees is your arbitrage profit!
With this you also dont run into a total loss --> if btc goes up, the btc you hold is worth more while the future worth less - if btc goes down, the btc you hold is worth less but the future contract worth more.

There's a flaw in this somewhere. I cant quite explain it yet, but it has something to do with being stuck in two open trades, interest rates, bitcoin exchange risks, and there being an unlimited amount of bitcoin futures.

And there's also no way to arb it on the opposite direction because you cant easily short bitcoin.

[criptix]

There is no 'flow' of money into or out of bitcoin due to futures, and there is no way to arb. Futures is an imaginary betting game. They are completely separate.

Future Contracts Arbitrage 101:

https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

https://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html

Bitmex is bitcoin settled. Im talking the upcoming CME/CBOE futures.

If futures at CME/CBOE are traded at a premium, you buy bitcoin on the market at spotprice and short CME/CBOE futures.
The difference minus fees is your arbitrage profit!
With this you also dont run into a total loss --> if btc goes up, the btc you hold is worth more while the future worth less - if btc goes down, the btc you hold is worth less but the future contract worth more.

There's a flaw in this somewhere. I cant quite explain it yet, but it has something to do with being stuck in two open trades, interest rates, bitcoin exchange risks, and there being an unlimited amount of bitcoin futures.

And there's also no way to arb it on the opposite direction because you cant easily short bitcoin.

Yes i agree to the systemic risks of your first paragraph - so everyone should be clear about them first.
Like you said in an earlier post the futures markets supply is not linked directly to the bitcoin supply - it is linked to the bitcoin price and the amount of $ available to be put into futures.

Arbitrage by going long on futures is difficult indeed, because you would need to short bitcoins - but that too is possible but connected with much bigger risks.