Hi there! August was not a very exciting month for traders: we’ve seen mostly sideways dynamics for most of the charts. Even E-mini S&P500 future has stopped the “everlasting” ascending trend and started to consolidate. Only a bitcoin has shown a spectacular move, soaring to $4300.
What is happening? A new bubble, the modern variation of tulipomania or a reasonable technology, which is changing the world before our eyes?
When you don’t have an answer, the best thing you can do is to ask the pros. So, I’ve decided to make an expert poll, having sent direct questions to Larry Williams, Linda Raschke, Andrea Unger, Michael Cook and other professional traders. I’ve asked them just one question:
“Is current Bitcoin rally a part of a bubble which will crash sooner or
later or a new emerging trend with promising opportunities?”
That’s what they’ve said (relevance: Aug 2017): […]