wildcreamlife
Short

Bitcoin Getting closer to zero

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD getting closer to zero... Remember what I said before about it.

I know you will hate me for this, but if I see the risk, take it as a warning, so at least a Professional Trader told you how this works.

Big players are making a lot of research about Cryptos, but Bitcoin seems to be the picked for letting it down, when I say they are doing a lot of research I mean, they're trying to calculate even the electricity consumption per country and see if it's real or just a fraud.

Well, from a mathematical perspective it should come down, but probably will go a little bit up first. If I calculate the present vs future value factorized by time, between June and August we have to see the biggest drop to zero, that's one of the reason I said in my previous post, this asset it shouldn't be in your portfolio if you have one, because the risk to see in zero your account is massive. At the same time I would not go short neither, because like we saw in the last drop , brokers paused any transaction, so it's just a matter of time. Then why to risk on it?, well is up to you.

Anyway I hope to be wrong on this one!

Have a Good Trading Week!

Cream Live Trading, Best Regards!
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