20. December 2017 03:43 GMT – It appears that the sell-offs that I predicted for end-of-year have started a little early. The BTC price started falling about 09:30 GMT Tuesday morning, and is continuing to at least 01:00 GMT this morning. There is a small rally going on since then, but there is no indication that it will hold. Most of this sell-off was with relatively large quantities of exchanges, as well.
Where do we go from here? My only advice is to position yourself where you want to be. Then sit back and watch it all happen.
20. December 2017 12:33 GMT – Since the above report, the trading volume has almost disapppeared. What little trading was active has pushed the price back up into the $17’300/17’400 range. For me as an untrained trader, it is somewhere between “difficult” and “impossible” to predict where it will go from here in the short term. There may be an exception for the technical traders, and a larger trader could probably play the market to set his own prices, at least in the short term.
21. December 2017 20:44 GMT – Since my last write up, there has been another sell-off spurt and BTC is now down around the $15’000 to $15’400 range. Maybe somebody needed to buy a Christmas present? Will it stay down there? Or go back up? Or go even farther down? Beats me, my crystal ball is all fogged up! Stay tuned and we will see.
22. December 2017 03:04 GMT – Since the earlier report, there has been some hard selling again, and the price at this point is down to just above $14’000. Come on guys, take it easy – then maybe you can still sell but get a better price. What do ya think?
03:13 GMT – While I was setting this post, the price dropped again to around $13’500. Great!