Im came to BTC in 2014. all what i can spot here - its an awesome falling. Falling and massacre. So, lets try to repeat this. We still have upside trend, i think - it should lead to 5730 CNY. Then, we should wait for some confirmation and short dem all!
Why im think what this count could be valid?
1) Check google trends. No new ppl incoming. (almost no correlation with price)
2) Check 1W volume. No increasing volume there.
3) Hardcore distribution of minng hardware (called "miners pump")
4) Same halvening scenario as in litecoin
5) Mtgox is dead. Willybot is dead. Who will pump this?
Remember. Its just concept. Im waiting for significant signals to play this count
Why im think what this count could be valid?
1) Check google trends. No new ppl incoming. (almost no correlation with price)
2) Check 1W volume. No increasing volume there.
3) Hardcore distribution of minng hardware (called "miners pump")
4) Same halvening scenario as in litecoin
5) Mtgox is dead. Willybot is dead. Who will pump this?
Remember. Its just concept. Im waiting for significant signals to play this count
Comment:
gonna fix and combine local and global counts after bounce