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Forecast and levels for Cryptocurrencies - page 8

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Tamas Molnar
911
Tamas Molnar  
BTC!!! long long time up. coming big down! COMING! not now! 1-2 year! end go back 1.000 dollar
Mohammad Soubra
33182
Mohammad Soubra  
Tamas Molnar:
BTC!!! long long time up. coming big down! COMING! not now! 1-2 year! end go back 1.000 dollar
Every thing is possible in FX
Carl Schreiber
Moderator
7835
Carl Schreiber  

Here is an interesting Interview of the NZZ (Zurich, Switzerland) with Thomas Peterffy the founder of Interactive Brokers! He sees possible bankruptcies of brokers and clearing houses due to the high volatilty of the bitcoins combined with the very low liquidity of the markt and he thinks about offering Bitcoins but only to buy them - imho other brokers might follow.

NZZ writes:

...

In the short term, the price (for Bitcoins) should tend upwards rather than downwards. In the long run, I expect Bitcoin to become worthless.

In fact, it (Bitcoins) is not bound to anything. I am really worried about plans to place futures contracts on bitcoin.

Unfortunately, they (Clearing houses) want to process and settle these products together with other derivatives. In the so-called Clearing houses, many brokers are represented with very little equity capital. If investors should speculate, because Bitcoin can reach almost any price level in a very short time, they could get into difficulties and no longer fulfil their obligations to the Clearing house. I haven't been able to stop the project yet.

What is certain is that the Chicago Mercantile Exchange, the operator of the world's largest derivatives market, intends to start trading in bitcoin futures in the second week of December.

(NZZ:) What consequence?

The day will come when the price of the Bitcoin product moves so strongly that some investors and brokers will experience financial difficulties - which can lead to losses like in 2008 when Lehman Brothers went down. This would affect not only Interactive Brokers, but also the other clearing house members and some Swiss banks.

(NZZ:) Do they not share your concerns?

This is a problem of the back-office, for which leading bank managers are usually not particularly interested at first.

(NZZ:) Is that a systemic risk?

Certainly. Therefore, I plead for Bitcoin products to be invoiced in a legally independent unit. In case of problems, only Bitcoin customers would have to bear the consequences. Otherwise, others would also be affected who only trade with the usual forward exchange, index or interest rate products.

(NZZ:) Does futures trading with Bitcoin make any sense at all - the volatility is enormous and the liquidity low?

Yes, if it is separated from the rest of the trading process. Trading would probably calm down and an interesting market could develop.

(NZZ:) Interactive Brokers customers are not yet able to trade with Bitcoin. Will that change?

Possibly. However, I would only allow the purchase and prevent bets on falling prices.

...


Let me add my personal remark. Do you remember when the Swiss Frank jumps ~25% against the USD? Alapari, England, bankrupts. This might happen again, so be careful if your broker offers Bitcoins and other cryptos. It's a very dangerous triangle: high volatility, low liquidity and a low capitalisation!


Bitcoin-Futures drohen zu einem systemischen Risiko zu werden | NZZ
Bitcoin-Futures drohen zu einem systemischen Risiko zu werden | NZZ
  • 2017.12.04
  • Christof Leisinger
  • www.nzz.ch
Wenn es darum geht, sich über die gegenwärtige Lage und interessante Phänomene an den internationalen Finanzmärkten zu informieren, lohnt sich eine Unterhaltung mit einem Pionier des Geschäfts. Zum Beispiel mit Thomas Peterffy, dem Gründer und Chef von Interactive Brokers. Der Milliardär cri. · Wer grosse Ziele hat und sie konsequent verfolgt...
Mohammad Soubra
33182
Mohammad Soubra  

WHO CAN ANSWER THE QUESTION:

... But could it break 20,000 $?


Marco vd Heijden
Moderator
6060
Marco vd Heijden  

The fact that it becomes possible to short Bitcoin may very well destroy it.

This was not possible before and now the 'big boy's' can apply their so beloved pumping and dumping tactics to push and pull the trend as they desire.

You can already spot this on the charts.

Sergey Golubev
Moderator
100941
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.12.07 10:14

Bitcoin has breached $14,000 (based on the article)


  • "Bitcoin rose above $14,000 today, reaching its latest milestone as the digital asset's sharp rally continued. The cryptocurrency climbed to as much as $14,095.61 on CoinDesk's Bitcoin Price Index (BPI)."
  • "It is a full bull run that is blowing out expectations," said Justin Wu, head of growth at Coincircle.com. 

==========

The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


Mladen Rakic
67827
Mladen Rakic  

No comment :


Sergey Golubev
Moderator
100941
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.12.08 07:25

What Does Bitcoin's Meteoric Rise Mean For Investors? (based on the article)

The daily price is testing the resistance level at 16,761 to above for the bullish breakout to be continuing.


  • "Bitcoin prices have rallied so far this year, climbing past $16,000 and returning more than 1,300% year-to-date. These sharp gains have produced many so-called Bitcoin millionaires, as reports have cropped up all over about individuals who have made their fortunes simply by investing in the digital currency. "
  • I think this is going to be the biggest bubble of our lifetime," said Oliver Isaacs, a tech entrepreneur and investor. "Valuations and prices are going to get out of control." 
  • Analyst Tariq Alwahedi has provided similar warnings, recently stating that "I believe that a correction is imminent." 
  • Alwahedi, CEO of CryptoBnB, a cryptocurrency-based platform for renting, added:
    "The fundamentals are still very strong for BTC, but at the speed it's growing I feel the increase in price of BTC is driven by hype and speculation more than fundamentals." 

============

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:


Mohammad Soubra
33182
Mohammad Soubra  

Sorry Sergey, I think this Bitcoin is out of any indicator.

It is moving unexpectedly in crazy mode!

Sorry again for my comment.

Sergey Golubev
Moderator
100941
Sergey Golubev  
Mohammad Soubra:

Sorry Sergey, I think this Bitcoin is out of any indicator.

It is moving unexpectedly in crazy mode!

Sorry again for my comment.


The situation is not a critical one - look at the chart:


The price is still moved to be inside the channel, and the correction will be started when the price breaks 13,000 to below.

But Schaff Trend Cycle indicator is estimating the overbought condition, besides, Vortex indicator is forecasting the correction too (if red line of the indicator broke 0.7 to above level to 1,0 so we may see the real correction).

So, according to the indicators - "everything is under control" :)

Anyway, if the price breaks 17.xxx level to above on close H4/D1 bar so the bullish breakout will be continuing, if not so we may see the correction soon.

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