Very bullish going into the weekend.
Not sure if it will hold the record, but it did beat the trading done on 12/7/2017
All relevant information is on the chart. Follow me on twitter @thefiniteidea
Big players starting to come back into Coinbase now
Tweet as it happened on Jan 17th, 2018: twitter.com
I am long over the next few days as we approach the CME's Bitcoin futures expiration on the 26th (I expect it to expire on or near the yearly pivot at 11563), but am cautious after this weekend, next week into February. A push above 16k will test 20k and beyond. A push below 8.8k will test 8.2k. Ask away.
Will be interesting to see what will happen over the next 10 years...
Potential movement over the next few weeks...
The 1 year and 2 year MA are crossing over which could potentially instigate a strong push in one direction or another (I suggest lower). Meanwhile, the 182/day WMA will be meeting the 3 year MA. Bitcoin has been supported by the 50/day MA (low and high), and I think it will break in April when these events occur.
#BITCOIN - Neutral price shuffle between $250-$300 hugging the 182/day WMA until MID APRIL CROSSOVER! After that... ? twitter.com
Bitcoin heading to $200 by Jan 18th 2015, with a pause at $260 - www.BTCAnalyst.com
We're testing weak support at the bottom portion of the pennant. We will most likely break through in the next month or two. 2015 OUTLOOK: The SP 500 will probably have the worst year in the last 5 years... or just move sideways and do nothing. I'd stay away from equities altogether. Cash is king next year.