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RE: BTC Analysis Update - Nov 23, 2017
Its also hard to tell because there are so many outside factors such as stock money about to flood into bitcoin come Dec 11th
Its also hard to tell because there are so many outside factors such as stock money about to flood into bitcoin come Dec 11th
It's a good point. I did do a video about it where I thought this is the biggest news ever for BTC. I guess it may open BTC to new capital investors, but in terms of CME volume, from what I could tell their exchange has very low volume compared to the average crypto exchange.
Looking at things today, this analysis is likely wrong unless we have a fast pull-back. I was also over-thinking the CME group news.
How many people know that the CME group is likely to generate low volume for bitcoin? Just me. I am the only one who thought that far ahead.
The cryptocurrency market is not this intelligent. It works off news short-term and then figures out fundamentals later. Bitcoin cash is a good example of not caring about fundamentals, I think.