alipipefitter

Bitcoin Record Breaking SellOff

Long
COINBASE:BTCUSD   Bitcoin
Stop is $12 000. Reason I say only fill at new high is due to the lack of liquidity and extreme risk involved at the current moment. I feel due to the gigantic sell off, bitcoin is headed a lot lower. The trend will continue up though. I don't feel the primary trend is over yet though, still just a pullback. This pullback is purely in response to bitcoin.com founder saying he sold all his bitcoin. Engines like these never just come to a screeching halt. They take time to completely come to a full on stop. No, the sky isn't crashing. The float is still extremely small for bitcoin. In the world of stocks, 12 million shares is considered a low floater.
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