grahvity

Runups & Sell-offs Coinciding w/ Conferences

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BITSTAMP:BTCUSD   ビットコイン/米ドル
Coincide, as an coincidence, is the keyword. The run-up prior to San Francisco's Coinsummit probably wasn't just coincidence and we know the recent run-up is (mostly) due to enthusiasm over China's prohibitive policies not completely blocking out bitcoin. I don't expect a lot but I do expect a moderate amount of selling at the end of the expo on Sunday evening.

This is the first chart where I am actually brave enough to make a prediction. Any thoughts and criticisms are very welcome.

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