We are just hours ahead of Bitcoin futures coming online, I'll be honest I have no idea what that will mean. I have some assumptions but I think the best thing to do is have a few scenarios to watch. Here are the two things I'll be keeping an eye on going into the futures/Monday open:
1. Nice resistance level at just below $16,000, a break above that could fuel some continuation up to previous highs
2. $10,500/$11,000 level is really calling my attention, a dip down into that zone and I will be looking for some aggressive buy entries.
I can't stress enough to be oh so careful with everything over the next 24 hours, it could get crazy and for most waiting for the "dust to settle" might be a better option for most.
1. Nice resistance level at just below $16,000, a break above that could fuel some continuation up to previous highs
2. $10,500/$11,000 level is really calling my attention, a dip down into that zone and I will be looking for some aggressive buy entries.
I can't stress enough to be oh so careful with everything over the next 24 hours, it could get crazy and for most waiting for the "dust to settle" might be a better option for most.
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I hope some of you guys bought into this area, we talkd about it a good bit and when it finally hit a week ago it was glorious! I talked about $10,500 and it went down to $10,400... right on the money!
Jared Johnson
Union Hedge Funds
Union Hedge Funds