I believe we have all came to an understanding that no matter how much TA u do, Bitcoin is always manipulated by news. Right now, bitcoin market is under lots of speculation and doubt as it has been attacked by lots of FUD from prominent figures and regulations in countries. All these shows how much Cryptocurrency have been capturing the attention of the world, such that prominent figures and organisation have to give their two cents worth of opinions on Bitcoin.
I am betting on coming Monday FUD which cause bitcoin to follow the red line, which is a downtrend overtime, with respect to the fib levels given and a blue line for the floor of bitcoin. Hitting the blueline is about 50 percent down from the ALL TIME HIGH (5000USDT per BTC).
We can short and start accumulating, your 50 percent stash hitting the first FUD level. Then 30 percent of your stash the next FUD. Then 20 percent of your last stash hitting the floor level.
Tbh I do not know how it will go coming Monday. But I believe Bitcoin staying stagnant is only 20 percent chance. With 50 percent chance it will go down and 30 percent it will be going up. With 50 percent chance going down, depending on your exchange. Best is to short it and hide in fiat, or if there's margin in your exchange, short it with 50 percent of your stash.
Please only take my analysis as a reference. If you happen to follow my trades, please note that it is your responsibility that you follow my trades and I am not to be blamed for.
Share your views and opinion with me!
I am betting on coming Monday FUD which cause bitcoin to follow the red line, which is a downtrend overtime, with respect to the fib levels given and a blue line for the floor of bitcoin. Hitting the blueline is about 50 percent down from the ALL TIME HIGH (5000USDT per BTC).
We can short and start accumulating, your 50 percent stash hitting the first FUD level. Then 30 percent of your stash the next FUD. Then 20 percent of your last stash hitting the floor level.
Tbh I do not know how it will go coming Monday. But I believe Bitcoin staying stagnant is only 20 percent chance. With 50 percent chance it will go down and 30 percent it will be going up. With 50 percent chance going down, depending on your exchange. Best is to short it and hide in fiat, or if there's margin in your exchange, short it with 50 percent of your stash.
Please only take my analysis as a reference. If you happen to follow my trades, please note that it is your responsibility that you follow my trades and I am not to be blamed for.
Share your views and opinion with me!