benpicking
Short

BTC Short - Updated view of history in the making

COINBASE:BTCUSD   Bitcoin / Dollar
Patterns repeat, we can learn from history, everything is connected and there is a reason for everything even though in most cases those reasons enlighten us post events unfolding, which is a source of great frustration. So it is with great trepidation that I re-visited this chart.

I stand firm that the BTC             drop is not complete, I expect to see it south of $10k and will go as far to say that the chart and trends tell me that we will get a chance to trade BTC             for ~$8600 a the end of January. I have seen a lot of charts lately, trends repeated and parabolic patterns timed to perfection pre-Christmas. Focussing on BTC's negatively correlated coins most notably BCC/DASH/XRP, I can see another pattern repeated, trends pointing to an event at the end of Jan (29/30), most these coins are sideways or cautiously bullish I see a pop coming.

I don't like XRP but the community tends to sit back and listen when it moves and bugger can it move. BCC             (BCH if you prefer) is another I'm not convinced of but I have to say I love DASH. I think this is the model currency of the future and is my instrument of choice as my hedge against BTC             , I will play this forwards, backwards and upside-down the BTC/DASH pair dance the most elegant waltz and I don't see it ending anytime soon, in fact dash looks set-up to do some damage against BTC             which is why I maintain my POV on BTC's downtrend.

I am a big bull and hate to see BTC             suffer but ultimately I feel this as a good thing for the health of the cryptoverse and its dedicated community.

I am long in BTC             but have also collected quite a few altcoins over the past 6 months and will be actively managing my portfolio over the next few weeks to swing in and out accumulating sitoshi's where possible.

Trade carefully guys I see a change in the winds but I am very unsure which way it blows, my portfolio is set-up to take advantage in both scenarios and I am very liquid in the hope of adding to my BTC             longs.

2018 will see BTC             hit $35k I'm certain and I half expect $60k before the year is finished, whether it gets there from $13500 or $8500 is anyone's guess, the above is mine and the future looks like its here to stay.
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