G0124

7k is inevitable

Short
COINBASE:BTCUSD   Bitcoin
For those who are not playing the short game, stay calm, because we are in for another drop. We should now be seeing the 7k region for a few days, to weeks based on the selling pressure lately. 8600 is where I shorted and I feel we are not going to see that level for a while now based off the daily and weekly macd. Lets be honest here, we are seeing a bear flag, it's clear as day. We can be hopeful, but let's be realistic and see things for what they are. I'm tired of people posting long moon sh!t, when it's not the reality. Bitcoin jumped up big and it doesn't mean Bitcoin isn't going to the moon in the future, but right now? No. I'm short, why? Because I saw the trend change and we haven't hit the bottom in this change. I'm a long trader that goes long on cash as well and sitting out of Bitcoin is the best thing to do because 6k is a reality now. I only write this because I can see a lot of people buying in waiting to see those gains we have seen over the last few months, but unfortunately we won't. December maybe if any time soon. November will be blood red I promise you. 5k-7k will happen soon, that's all I'm saying. Stay safe out there and thanks for reading!

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