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HalvardS
Jan 9, 2018 9:01 PM

Tomorrow will be an ugly day for Cryptos Short

Bitcoin / U.S. dollarBitstamp

Description

I have closed my positions, changed my perspective and started planning for the abandonment of Bitcoin. Research tells us that 'Google Trends' is a good indicator for how the stock market will move; if the search trend is categorized as 'financial'. Bitcoin is loosing daily hits which should be of concern to everyone. We will go down, but it's impossible to predict how far. A bear market can go on for over a year too. The other concern is that the market is about to end with three consecutive red days, which is called "three black crows".

Honestly, I did never think I would go to the other side: short.

Comment

Take a look at Filbfilb's long term analysis and you will see the hype always ends:
Comments
elshanti
I partially agree while it looks like the cycle ends with deeper correction I predict a new hype cycle to start this spring..

elshanti
elshanti
Supreme_Llama
OK just get out no one will miss you bye
HalvardS
@MaxKeiser, Did you even read the text? I'm out, Max Weber.
jpfortin
Really - here is more comparison: with this logic we should be throwing away our Apple phone, Microsoft computers, and stop shopping at Walmart... Please do compare - I did and it makes no sense...

HalvardS
@jpfortin, Totally subliminally :)
Blackcoin_
Bitcoin Hype is over... I agree
perfido
I like your idea so much that i made this.
imgur.com/IDbJA9K
GasHead
I fear that's a spot on analysis. We shall see.
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