BGMind_Control
Short

BTC/ USD ugly daily chart

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Boys and gals I hate to say it, but we are now below all 3 moving averages on the daily as the ADX is accelerating and MACD is pointing down. Keep in mind that we are not even close to being oversold on the MACD . We are due to lose few thousand dollars the next month. Hopefully this wont turn in a weekly trend. If it does we are looking at another 2 year bear market. Im talking prices that you wont believe.
I'm pessimistic in short term, but I don't think it will take another 2 years like in 2014. Market more mature and active now, It won't take more than 8 months IMHO :)
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Gutshot CryptoJulio
@CryptoJulio, i wish i saw ppl referring to 2014 make a counterpoint to this statement that always comes up
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