You know the drill, your money your choices.
Be mindful if you dont have experience margin trading, dont try it. It is better to do exchange because there is no risk of liquidation.
In the battle field, some time you have to duck others to jump, but never stop moving.
This isn’t a trading advise, your money your chirices. Trade with caution. Happy trading.
MY MONTHLY CHART STILL ACTIVE FOR FINAL LOWER TARGET.
Happy new year.
News today: "Despite a warning from the SEC, Bitcoin soared 9% overnight to above the $4,000 level, heading for its biggest daily jump since July." https://seekingalpha.com/news/3412643-bitcoin-regains-4000-nears-best-day-since-july I cannot reiterate this enough -- unless we get 'positive' comments from the SEC, Bitcoin will continue to fall lower. This is yet another 'dead-cat-bounce.' This is an example of the crypto-bulls being hopeful. I understand. My point is, wait for stability, or get caught offsides. Remember, the majority of 'Ideas' on TV said ~$6K was the floor and good level to buy for the long-term. Meanwhile, I've been saying ~$3K was more likely for all the reasons I cited above. What about the NASDAQ looking into Bitcoin Futures? Let's remember what happened last time Wall Street got involved. My advice: Don't buy into this rally. It makes no sense to step in here. The trend is still to the downside. Rest assured that I will update my thesis as new information/data comes in. I'm not married to my call on shorting/staying away from Bitcoin/Alt-coins. I'm just objectively looking at the facts. Blood is spilling, but we are not at the bottom. How will we know we reached that point? The Fed/SEC (the government) will give the green light (hate it all you want, it's just facts). Cheers!
Now this is the new chart. https://youtu.be/F3jIlxpAb6k
New target is below 1k. On the mean time I will take the bears money too. Lol. Bulls already paid.