Bitcoin (XBT USD BTC) - Lower than Whale 'Ish

Whats up Traders (or HODL'ers),

Technically
Bitcoin (BTC)(XBT) is due for more pain.
The hashed lines are nothing more than previous resistance / support hese are the areas we are targeting for short trades.
Volume is increasing in this sell off - The serious first volume increase in a many months.

Fundamentally
I don't think much short of a major country adopting bitcoin as its national currency will stop the decline.
Use Cases, Use Cases, Use Cases - That's what is needed.

Crypto is not dead or dying. The money you invested in it is though (My ambivalent Insult to Fiat and you as a HODL'er). Remember Thanksgiving 2017 - Uncle Harry was telling you that Bitcoin was a pyramid scheme and you were going to lose all of your money? He was right, but for the wrong reasons.

See previous charts for our other predictions to date.

Comment:

I think 3k is a highly likely short term target.

I hope that we will stabilize there, and begin a healthy, rebound up.

Comment:

Interesting - Bitmex cuts down on allowing of US customers to use their product. I was a Bitmex trader previously, as a US resident, utilizing a VPN to relay my IP out of country. Not sure how difficult they're making it to trade, but I still think its very possible for US residents.

I dont like the crypto market right now, as a trading opportunity. It is HIGHLY manipulated in my opinion. Be careful . Bet with your head, not over it.