KarlosMatos

General momentum

Short
KarlosMatos Updated   
BITFINEX:BTCUSD   Bitcoin
The overall general steam appears to be running out over the mid to long term.
I am expecting the curve to hold.

Low leverage short opportunity. 5-10x
Comment:
This is a bounce on the way down.
Still expecting 37666 and potentially a further leg down to the 30-32k range.
Comment:
Long term expecting a retest of the historic ATH, with an ultimate push to 10-15k range over the next 12 months.
Comment:
Still expecting 37666 and potentially a further leg down to the 30-32k range.
Tell me why we would have a sudden influx of demand?? I see no reason a person would buy here, and if we set lower lows then a true break in confidence into a huge sell off is possible.
True demand wont kick in until the 9-12k range. Yes it will be a bumpy ride down but short it remains.
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