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BTC shorts got destroyed last week. That was a total shock to shorts, as the signs were too easy to read that BTC was going down but it did not and killed the shorts. I think the down trend will continue as people are scared to short BTC soon as price is not going as predicted. Maybe shorts will come alive after BTC reaches 9.2k or 11.6k
All roads send you to LTC 145. Price where Bulls and Bears will battle for the future of LTC. I am in the bull side. If Bulls win, LTC will be free to run alone without BTC or ETH. Until then, LTC is a prisoner of BTC...and it is the weakest one at the moment.
These people are keeping BTC low. There are 32k btc sold by people who do not have BTC at all.
For those who don't know the 'short-sale', that is an option that the exchange gives you, to sell something (btc) even tho' you dont have any, and buy later to close the trade.
You sold at 7k, buy later at 6k, you made 1k usd. Trade closed.
If BTC goes up after...
I think the market has been manipulated by big players since November 2017 up to March 31st.
Starting price of the big pump may have been at 6.5k on November 2017.
The CME futures are launched at exactly the day BTC was at the highest ever, 17th of DEC 2017.
BTC price of 6.5k may be the exact normal market price after the pump and dump.
The fib lines seem to...
It looks like you are experiencing the worst LTC crash of the last 12 months. I would see this as an experience. In the long run, anyone who bought at the previous tops, has had the opportunity to sell higher later. So, to those who bought at the top, there is a good chance that your day will come and you will sell above that price. To those who never had LTC,...
BTC going down for now. This is a good time to buy. For the HODLERS, you don't worry. There are rainy days and sunny days. I bet those who sold in 2010, 2011, 2015, would say that BTC 6.5k today or 20k A.T.H. was never seriously imagined. Well imagine BTC 40 k this year...Sell there, not now, not here
This is the real trend of BTC. I don't think it is going to go lower after this. Yes, everyone is saying 5k, 3k just as they were saying 25k,30k on December. There are big players who have invested billions USD on BTC. They move the market, not me and you :)