The January Expiration of the Bitcoin Futures on the CME for BTC is January 26, 2018! Stay vigilant and alert!
Last weeks Bitcoin downturn amazingly corresponded with the Bitcoin Futures Contracts until the CBOE closed at 4pm. Then the bottom was set and the prices began rebounding.
Graph showing the coincidence of the Bitcoin crash and Futures Contracts
Coincidence or Bitcoin manipulation? If there is a Bitcoin Futures Effect, we may see it again this week.
Friday January 26,2018 the CME Futures expire for January. If there is manipulation occurring we should see a run up of BTC up until 48 hours before Friday afternoon. then a massive sell-off and price drop which could last until 4:00 pm Friday.
Bitcoin spiked 48 hours prior to the Futures Contracts Expiration
Now if this occurs, it presents a selling opportunity during the run up until Wednesday or 48 hours prior to the expiration and a buying opportunity beginning Friday and 4:00 PM. This is my opinion and not financial advice. The trends are what they are.
The Chicago Mercantile Exchanges Futures Contract on Bitcoin closes on Friday January 26th.
The High and the Low of the CME Futures market Bitcion Futures expiration
The January Expiration of the Bitcoin Futures on the CME for BTC is Friday January 26, 2018! Stay vigilant and alert!