[2017-12-14] Market speculation

This week has been showing skyrocketing of alt-market after recovery of bitcoin.

I am expecting a mild upside of bitcoin for a few days though there can be a short downturn.

• Event

BTC ETFs are comming again.

https://cointelegraph.com/news/bitcoin-etfs-seek-approval-following-launch-of-futures

No reason to deny the ETFs(if their structure is flawless as normal ETFs) since already there are BTC futures.

(*) Banks are already can copy and sell BTC ETF for private clients using the BTC futures and bonds.

• Chart

Daily
: Enough relax.

Weekly
: Enough relax. But still price level and RSI are high. If it goes up this time, it needs more time to sleep.
: So need a short downturn.

• Impact
  : Alt market runs too much. The money will get to the BTC.