WhaleTeam6
Long

I'm A Permabear, Time to Hibernate?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Beginning to look like reversal on the macro.
  • G20 is seeming like its going to be good/neutral news.
  • Huge buy walls were being filled ~7800 so someone is happy to catch the knife.
  • Market sentiment is completely bearish which means reversal is close.
  • One more retest of maybe 7600-7800 depending on market strength.
  • Non-related: DOW seems like it's topped out and ready for a correction which typically means recession. We'll see if big money hedges in BTC/crypto or pulls out of high risk assets.
  • Worst case scenario: we're in the eye of the storm.
As a bear, I think its almost time to buckle up your seat belts.
WhaleTeam6 CryptoBuzzAnalyst
@CryptoBuzzAnalyst, trying to keep hope for the bulls alive before it's time to long rope futures. :P
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