Bitcoin's gone parabolic and parabolic charts always end badly, I'm looking for a shake out in Bitcoin once the futures start trading, probably back below $10,000, Won't effect the SANP price, But I am looking forward to Bitcoin futures options where I will by both puts and calls as far out in time as available, I hope they have 2 and 3 year leap options, I'll be buying calls and take 20% of my call investment and buy puts to hedge.
Thanks everyone, Charts can predict future price moves, I think my post last week about the weekly stochastics crossing is what called it, not my post, but the charts indication, and the new PINK PASTE Stickied post marked the bottom here!
Here's the latest weekly 6 month SANP Chart, We're back in blue skies baby!!! And notice that upper BBand is expanding now to around .0016, the next resistance level. $SANP
Can anyone explain why SANP has rallied the last 2 days? There was no news catalyst was there other than Dec 20th drawing near? Gotta be that weekly stochastics crossing I posted about last week....and they are just now busting out over 20% a classic TA buy signal so it looks like more of this rally to come imo! $SANP