I am back on a beautiful Sunday when I should be out there enjoying life. But guess what... Bitcoin kept me indoors again :)
Well, I'm still waiting for that moon and the Lambo, Ain't I x'D??
So we're dropping. It's dropping for sure and you guessed, we came to the end of that 4th short-term upwards wave on the waves theory. Now that we are almost at the end of it, the price will get ready to drop either close the last low or a lower low before seeing the start of a bull run.
Why do I say this? Because it's extremely obvious. The indications are everywhere and yes, Tether printed money again. If you look at the chart, you will see what happens every time Tether prints money, and this time it comes with the Bitfinex FUD. (I personally believe Bitfinex is MtGOX 2019)
I completely, and confidently, back my prediction made a few weeks ago (The Cat Theory & the Major Resistance Ahead - Bitcoin is feline) and I think we will still go close to that 6k resistance before dropping back.
Another big issue we have right now is the price difference between BitFinex, CoinBase, and . We are looking at almost $250 USD in price difference, and each time we have such gap, things tend to go south for Bitcoin . It happened in the past and it can surely happen now.
I also have a small advice for people who are tired of the BitMEX system getting overloaded every time a major price action occurs. There's a new trading platform called bybit and it is completely safe and reliable. The reason why I'm using right now is that its servers are not getting overloaded when those big hikes and dips occur. I tried it for a couple of months and it's completely safe and reliable. If you're willing to give it a try then please use this link. https://www.bybit.com/app/register?ref=l...
Good luck guys.
For those who are starting new and want to use BitMEX instead, please use this link as it will give me a small referral bonus. I can certainly use that and completely appreciate it!
BitMEX referral link: https://www.bitmex.com/register/nUE10L
For Bybit referral link: https://www.bybit.com/app/register?ref=l...