First CME contracts roll over, price is falling down, regular market whales manipulate Bitcoin price?
According to the Bitcoin futures specification first bitcoin contracts has expired yesterday.
Monthly contracts listed for the nearest 2 months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 serial months not in the March quarterly cycle.
Most of the CME contracts were short positions so i think it is highly possible that real market whales they easily manipulated bitcoin price so they can reach maximum profit from their contracts and such thing will repeat in the next month and later once per 3 because contracts will roll over once per 3 months starting from march.
How to recognize who is buying bitcoin?
If normal people buy chart create kind of stair scheme, when big traders buy it is single high green candle, youc an see difference on the screen below.
Interesting times we have for bitcoin right now and i think we will see slow come back at 14-17k$ price level.
nice analysis @whd. fully upvoted through steemfollower
I am glad that bitcoin will still get back to a soaring height.I never lost hope and i discourage people from selling....this is actually a time to invest.....its for the brave though
i hope it will :)