I wasn't sure you guys are notified by my last night's post which was an addendum to my original "Moon Launch Delayed" so I created a new post.
I wanted to point out that we are falling towards the 150 which has been excellent support in the past. Maybe we will get there, maybe not. I marked out a rough approximation of where I think this landing zone will be. I hope the firemen have the airbag inflated because BTC (if it falls that far), will be travelling at quite a speed at impact .
Of course these markets are heavily manipulated. I was shaken out of my shorts (excuse the pun) last week, again and again. I went long, then I was stopped out a couple hours later. I went short and was stopped out again a couple of hours later. I noticed the buy/sell pattern they were using and I got rid of my stops and went back to shorting. It paid off. If you guys are not traders, then I recommend just hold on and buy more as it approaches the 150 . BTC will be on sale and hopefully we can buy it again at 8k.
The whales are doing this to shake Bitcoin out of weak hands so Wall Street can own as much of it as they can. From what I've heard there is only 5-7 million BTC that are available for purchase and when that runs out, the price should shoot up dramatically. I still expect BTC to reach new all time highs this year, so keep the faith and keep buying a little more with each major drop .
As I mentioned in my prior post, I am concerned the NY Attorney General investigation may turn up a lot of dirt on Bitfinex and Tether. Many think the massive printing of Tether is what drove Bitcoin to such massive heights. If so, then if the Tether printing stops, either voluntarily or by criminal prosecution, then we may not stop at 8k. We could hit 6k. So have some extra cash on hand should it ever get that low. I only give it a 15% chance of it hitting 6k but be ready in case it does.
All the best.