Allec

Bitcoin will retrace, don't believe?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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8
312 5
Dear traders,

evereone is bullish . The big players did it again, time for bleeding.
My advise: GET OUT and TAKE PROFIT
never in history bitcoin go bullish in the summer.
NVT signal is deep,deep red


Great trading,

Hans
I agree - I'm overall long on BTC in the medium to long term. But short right now...BTC had a parabolic rise, I feel like there's more market manipulation going on here and the bloodbath will be brutal in the coming weeks.
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Oh, I believe, ;-)
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Problem is Bakkt just announced launch is live in less than 30 days and Binance just closed all trading for USA customers. This means 39 % of Binance customers will move funds into BTC and withdraw to Coinbase or another exchange. Leverage will go through the roof on longs. No way its retracing now maybe at 10k but if it breaks 10k you will not see a retrace until 20k.
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jeremy.jacques79 MosaicExchange
@MosaicExchange, US customers can still trade until September freely
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Never say never
+1 Reply
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