Technically BTC looks like it wants to revisit the 12.500 and maybe even the 10.000 level.
Considering the extreme volatility in the last week(s) that is not unthinkable at all.
A nice trigger would be the alleged start of the BTC-futures trading next week.
We expect (good news followed by) some problems relating to compliance with banking and clearance regarding Mifid II.
This will send BTC crashing lower. Most likely to 12.500 and possibly even revisiting the 10.000 level.
If that happens it would constitute a great level to buy btw.
Considering the extreme volatility in the last week(s) that is not unthinkable at all.
A nice trigger would be the alleged start of the BTC-futures trading next week.
We expect (good news followed by) some problems relating to compliance with banking and clearance regarding Mifid II.
This will send BTC crashing lower. Most likely to 12.500 and possibly even revisiting the 10.000 level.
If that happens it would constitute a great level to buy btw.
Sultan of Swing
