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RE: BTC/USD - possible deep correction in connection with futures
I have also felt a correction is due given the parabolic rise. But again I have been thinking a correction is due right from the time we crossed 6k and hit 8k and 10k and none of those phases were correction. Some of them were just consolidation phase ... I think too many folks are waiting for correction with $ parked ( like me) or with Tethers and are ready to jump in when price falls. So may be that is why we see some small swings but price seems to be going up again and again ... We do need a big FUD to see price drop... as someone who put too much into Alt coins rather than BTC, I for sure would love a drop to load on BTC. Hope you are right mate!
You don't need FUD to see a price drop when the market cap is still relatively small. You will see large institutional money in the billions enter and exit the space and due to the size of market cap, 30 - 40 billion movements effects prices dramatically. We have already see that this week. 450Billion down to 390Billion cap. BTC price has reflected in the movement. Will be interesting to see how long the energy can be held down. CME still to come in on the 18th Dec. Will create a lot of attention in financial channels setting up a very big January 2018.
from December 10 to December 25, the situation will clear up a little. While you can stock up on popcorn and watch)
A drop would be nice as it's very overpriced at the moment.
I agree