Bitcoin Cash Price Prediction December 20 2017 Pullback!
Bitcoin Cash Price Prediction December 20 2017 Pullback!. What a run major resistance at $4300 reaching a peak on GDAX of $8500 because of small order book. Bitcoin Cash is consolidating now Parabolic Sar is in a uptrend look for a break of this before a sustained downswing occurs to $3000 most likley on the weekend as CME futures for Bitcoin will be closed I expect Bitcoin to surge on the weekend. ALTS like ETH Litecoin should make moves lower if Bitcoin rallies.
A major Tether pump occurred printing of $50 million.
Todays new Tethers just appeared on margin offers, although they’re gonna cost you 1300% APY. pic.twitter.com/tBeseU0w3J
— Bitfinex’ed 🔥 #DontGetTethered (@Bitfinexed) December 20, 2017
Here’s GDAX’s order book and depth chart 32 minutes after its BCH/USD market entered post-only mode. pic.twitter.com/x2fWGsOcIT
— CoinDesk (@coindesk) December 20, 2017
Relax guys, Bitfinex just printed another fifty million legally unbacked, nonredeemable unaudited Tether tokens.
Chances are they will print another fifty million today for a cool one hundred million Tethers! pic.twitter.com/gRU4jF9zYd
— Bitfinex’ed 🔥 #DontGetTethered (@Bitfinexed) December 19, 2017
Every time the mempool gets full, bitcoin becomes unusable, and the price tanks. IF you can’t transact with it because of full blocks and stupid high fees whats the point ? https://t.co/CwvYlL0rIe pic.twitter.com/L652l1BP9r
— flibbr (@flibbr) December 19, 2017
$BCH the ema 50/20 is about to have a bullish crossover on the 8H chart, RSI is signaling a VERY strong bull trend now, we may have a repeat of last months rally, possibly reach .4 btc again?$BCC $ETH $DGB $NEO $VTC $XLM $VEN $XRP $XVG $ADX $DRGN $OMG $BTC $QTUM pic.twitter.com/FNcbypYrfE
— Lil Uzi Vertcoin (@LilUziVertcoin) December 19, 2017
— GDAX (@GDAX) December 20, 2017
So is the consensus that with the cme, and other exchanges coming online, that we’ll see lower measures of volatility in the coming months?It’s not every day that btc bolts up 10% form its previous ATH. Nor is it every few days or every week. It happens when it happens. Futures are simply a new product for brokers to sell off of btc’s success. Will it actually drive new people/institutions to buy more coins? I think it already has, but not because of the future transactions per se, but as a result of the media fanfare surrounding the introduction of a more mainstream product like futures.
This game is all about patience IMO.
I don’t think this will have a meaningful impact on volatility until we get vanilla options, at the very least. Which might well come from the futures markets, but aren’t here yet. Volatility futures (VIX analog) would also help a lot, but seems less important. Bitcoin volatility has been declining slightly over the years, and I think that will continue, but we won’t see a dramatic drop.
But even so, I don’t think we can really achieve low volatility until we find a price that can last long term. If Bitcoin managed to just hold a stable price at this level, that would continue to prove to people that it is viable, and demand would rise. I don’t think we can see a stable price until Bitcoin dominates all the market niches it is superior at, and right now I don’t see it dominating any. Maybe that means it needs to go down a lot, or maybe up, but this is not the long-term price.
And a big move (eg, 20k->200k) can’t be steady unless it’s very slow. Which I don’t think is what we’ll see.