HuPan
Short

BTC consolidate in 7000-9000, big rally expected!!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC in consolidation region 7000-9000.

Daily RSI ~ 35, almost reach the oversold region, MACD very near to the bullish sign, bounce is expected.

But I think BTC need to consolidation about 1-2 weeks in this region, since sentiment is conservative, The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what representatives call a "common response" on regulation.

If good news or no news from G20, BTC will bounce to 12000 - 14000, but you should sell your crypto, wait and see. since I think we are in bear market, this is the last chance to sell your crypto, wait about half of years let us see what happens.

Apr 12
Comment: BTC will launch short term bullish (1-2 month), let's expect above 10000 soon!
Apr 24
Comment: Crypto market are very bullish in this month! almost all of alt crypto has a x2 growth in this short time period. but I'm trying to start short my crypto holding now. Why?

Can you imaging almost all of alt growth crazy? BTC dominance decreased to around 37% ! So large percentage of the growth for alt coming from BTC, I think even BTC only increased around 50%, but it's the time to say goodbye!

My plan as followings :

Target 1: BTC move to around 9200, short my 1/3 holding.(Done!)

Target 2: BTC move to 10000, short my another 1/3 holding.(expected to happen in next two weeks)

Target 3: BTC move to 11000 or 8000, sell all of my crypto. don't ask me why, I stick to my thought, this is the last chance to sell, let's buy it back 2-4 month later, or just short BTC in highest point.
May 01
Trade active: 9745 may cannot be break, I have sold 2/3 holding, prepare to short BTC when next near to 9500. first target is short to 6000.
Jun 18
Order cancelled
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