BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is a short-term buy with a long-term sell signal on harmonics. The impact of the recent announcement of Xi Jinping about blockchain in China wasn't visible on my indicators. The only thing I could say, bearish forces will exhaust for this period, but I couldn't predict the huge rise BTCUSD made this week-end. BTC immediately took the 4 mnths old berish trendline and it's still above of that. We expected a cool-down with a clear target and that correction is in process. The real problem of mine is most of the BTCs are in the hands of institutional money and only a small number of retail share on the tiny portion of that. Meanwhile the supply is very limited for BTC . If the institutional traders want to make a gain, they will start to play against each-other and we will see a volatile period with a neutral end-game meaning large moves on daily, maybe weekly basis, however, the net result will be a sideways move on a larger time-frame. It means that whoever is trading with bitcoin should be aware of that BTC from now is the Formula one in trading with extreme risk. Also I need to say, the original plan of Satoshi failed: BTC is not a blockchain money anymore, it became a toy for institutional traders. Trading BTC will be extremely risky and not only the retail but most of the institutional traders will loose money on this asset. I will follow BC as my subscribers asked for that, however, I strongly recommend you to take positions in BTC with caution.

The 4th system suggests a bullish continuation after the expected correction, no need to update the forecast.
Professional trader, using patented technology to detect moves of large players (market makers). Part of my techniques work on cryptos as well.

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