Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...


...If the dots don't connect, gather more dots until they do...or, just follow the $$$...




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Sunday, December 17, 2017

BITCOIN 20,000?...Will It...Won't It?

* See UPDATE below...

Bitcoin nearly reached 20,000, so far, today...December's range is already 10,520.90 points and it's not even the end of the month yet, with 14 days still left...

Monthly chart

Meanwhile, Bitcoin CBOE Futures just spiked above 20,000 a few minutes ago...

Daily chart

It would appear that the sky's the limit until this accelerating crypto currency bubble bursts.

* UPDATE December 19...

Source: ZeroHedge

* UPDATE December 20...

Here's what four days' worth of trading looks like, so far, on this Monthly chart of CME Bitcoin Futures (a picture is worth 4,215 words...its range, so far)...

...and nine days' worth of trading on this Monthly chart of CBOE Bitcoin Futures...

...and BITCOIN has yet to hit 20,000 (as shown on its Monthly chart).