Satoshi_

My three scenarios.

Short
BITMEX:XBTUSD.P   Bitcoin
Ok. This is my definitive edition of how the future will pan out. We dump it now after some more distribution which I would consider the most probable outcome say 70%. We close and trade on HTF above 10.5k and I think we will see trading above the 11.7k area towards 14.5k. The reason being is that at this point the dynamics of the market are changing when considering that miners are not selling their corn - I believe to some degree that that is the reason why each halving has brought such an exponential increase in price so why doubt it now? If the miners are not willing to sell their Bitcoin due to mining costs, not to mention that the newer miners would like to push out the older mining equipment(occurs at approx 13.5k), then the fundamental outlook of current situation must be bullish. HOWEVER, the charts clearly show what looks to be distribution. I guess the question right now is where to short from and is it worth holding that bias while more upside for the medium term is quite possible. Likely scenario, the one I will play for now, is short and look for long at approx 5.4k. When the miners do sell, eventually, it will be one hell of a trade, I can say that much. Over and out for now.

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