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BitCoin drops into Monthly Expirations


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#1 Darris

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Posted 09 May 2020 - 08:34 PM

Been coming across several comments that folks are noticing big drops in bitcoin into the monthly expiration's.  Another one may be getting ready for this week as bitcoin is near 8000 right now. posted a monthly expiration chart at the link.

https://twitter.com/...294720662147072



#2 CLK

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Posted 10 May 2020 - 06:36 AM

The 4yr halving is scheduled for Monday, where the amount of Bitcoin produced is reduced by half, seems the big traders are getting out ahead of that event. In the past, it corrected some just after the halving, they didn't wait for it this time.



#3 CLK

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Posted 10 May 2020 - 07:30 AM

Bitcoin can do anything here, nothing is bullish until above 11k, I would rather buy strength than average down.

If the week after next is green, then could go to 14k. the green channel was broken, so that may be signaling

the sustained move will be higher.

 

https://invst.ly/qqxdr