So if more big investors will come in, that means more whales will trade against each other. Let's not forget also that the opposite may happen. I mean more whales will either dump or pump the market depending on their consensus.
The much anticipated Bakkt has been launched today. What's going to happen next? So far, the market reaction is not what many hopefuls are expecting. People are currently dumping and this might last for a couple of days.
Regardless of the current price, I expect more big or institutional investors to dive into bitcoin in the the coming days/months. With more bigger players in the market, bitcoin might become less volatile and that could be good for better adoption.
The much anticipated Bakkt has been launched today. What's going to happen next? So far, the market reaction is not what many hopefuls are expecting. People are currently dumping and this might last for a couple of days.
Regardless of the current price, I expect more big or institutional investors to dive into bitcoin in the the coming days/months. With more bigger players in the market, bitcoin might become less volatile and that could be good for better adoption.
It's a reverse result instead. It was a disappointing start as it turns out that "sell the news" is real. While most of us are expecting that it will "fly high to the sky", it goes the other way around. Now that we are hanging on to around $8k, I would highly expect that it might dip a little bit before we go "straight to the moon" again within next month.
It's a reverse result instead. It was a disappointing start as it turns out that "sell the news" is real. While most of us are expecting that it will "fly high to the sky", it goes the other way around. Now that we are hanging on to around $8k, I would highly expect that it might dip a little bit before we go "straight to the moon" again within next month.A classic "sell the news" move indeed. Typical long time traders cashing in leaving many hopefuls rekt ;D Some bulls still trying to defend $8K but I don't know how long they can hold. I also expect $7K in the coming days.
So if more big investors will come in, that means more whales will trade against each other. Let's not forget also that the opposite may happen. I mean more whales will either dump or pump the market depending on their consensus.
I don’t know if we went to the moon, but, as I think it will be a rise, but not sharp, but smooth in the near future.
Part 2: Measuring The Move of the Descending Triangle Breakdown
(https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmd5hXHud5y6h3B4j8ZRKf38RRSiG5ufxbFVPCMjob1iJt/part2.png) (https://www.tradingview.com/chart/BTCUSD/lfSA4LWe-BTCUSD-Measuring-The-Move-of-the-Descending-Triangle-Breakdown/)
Bit late to say now, but I did speculate that the price would dump 15%+ after the launch. It seemed like an obvious conclusion given recent launches that have occuredGood call nonetheless.
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The result have been disappointing to many but let's see how this goes until the end of the year. I don't have a crystal ball but I'm quite confident there are players in the financial institutions that are just waiting and watching.
Bit late to say now, but I did speculate that the price would dump 15%+ after the launch. It seemed like an obvious conclusion given recent launches that have occuredGood call nonetheless.
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Let's take a look at the performance in terms of trade volume after one week:Source (https://twitter.com/lawmaster/status/1179376262768406529)
- Sep. 23 - $0.69 million
- Sep. 24 - $1.28 million
- Sep. 25 - $0.65 million
- Sep. 26 - $1.15 million
- Sep. 27 - $1.37 million
- Sep. 30 - $1.09 million
- Oct. 01 - $0.23 million
The result have been disappointing to many but let's see how this goes until the end of the year. I don't have a crystal ball but I'm quite confident there are players in the financial institutions that are just waiting and watching.
How is the situation developing now?
How is the situation developing now?
How is the situation developing now?
(https://i.imgur.com/LAu31PJ.png) (https://www.tradingview.com/chart/BTCUSD/lfSA4LWe-BTCUSD-Measuring-The-Move-of-the-Descending-Triangle-Breakdown/)
I'd argue basically as expected after breaking down from the descending triangle. I don't see that anything has change, apart form an additional bear-flag now forming on the Daily/Weekly charts that also targets the low $6k area. Consider this a second confirmation if $7700 is broken.