There are 2 ways to look at Bitcoin trading right now.
1/Short term - There is so much euphoria on this latest run up for Bitcoin. Do I think we should run out and short Bitcoin - NO! I find it hard to short in an upward bull market, plenty of opportunities to short in the future but you do not want to be caught holding a short if this runs to 25k. Short term I do think this is over blown and will 100% need to retest the $20,000 mark Maybe even the $19,000 mark. Retailer chasers need to be washed out with some pressure before we head to 30k.
My prediction was always 25k by xmas and I stand by that. In my opinion hold on and improve your position around the 20 to 19k mark for a 5th wave for 25k.
Long term - MOON!!!!!!!
1/Short term - There is so much euphoria on this latest run up for Bitcoin. Do I think we should run out and short Bitcoin - NO! I find it hard to short in an upward bull market, plenty of opportunities to short in the future but you do not want to be caught holding a short if this runs to 25k. Short term I do think this is over blown and will 100% need to retest the $20,000 mark Maybe even the $19,000 mark. Retailer chasers need to be washed out with some pressure before we head to 30k.
My prediction was always 25k by xmas and I stand by that. In my opinion hold on and improve your position around the 20 to 19k mark for a 5th wave for 25k.
Long term - MOON!!!!!!!