Delchoni
Short

Can this be the end of the euphoria?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Everyone is overexcited because of the Friday's pump. However, a lot of people are still calmly bearish , my common sense tells me that we'll face a "long" consolidation which will end with dump to lower levels. There is simply to much resistance and I'm not sure that there is enough bullish momentum to destroy the shorters . IMO the best thing to do is to either stay out from the market or to put small orders in case we got a BART or a bull flag because the move will probably be very vertical! I'm still short but I can take to get rekt (my positions are already underwater). I don't think that we have hit the bottom (because the euphoria with BTT and all the hype around the last pump, crypto space will need quite some time to be attractive again for the mass consumer, don't let the small moves distract you from the fact that during 2018 90% got rekt/scammed by ICO's . Its just too soon to think about bull runs again)
Agreed on just about everything. There's still way too much optimism around. And even if we have hit bottom (which I also doubt), I agree a long long period of consolidation is ahead of us.
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Delchoni BCryptological
@BCryptological, 2019 will be painful for both bulls and bears
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