BiTCOiN ?!? Well.... well..hummm...not so well in fact for the all mighty King BiTCOiN. The closure of Friday suggests another wave of sales...with a little 50% down target (these are performances normal for cryptos and not only towards the upside). While pushing the forecast for a drop of 70% in 1 month. So I would definitely continue to sell the Futures on Bitcoin ....they have anyway been created to serve the purpose of allowing huge short positions by pros who held large stocks and hedge funds who love to short...And as always screw the last wave of excited non-pros....for which I feel really sorry...but it is always the same story with financial BUBBLES...a very little selected group makes big money on the back of all the herd. And once again it is about emotions: Greed and Fear. You want to make money in cryptos? Sell Bitcoin..sell futures or buy put options....but please don't buy Bitcoin now... what about all other tokens and ICOs out there? Well... Well. I definitely now move to Fiat... whenever possible....I Posted my first warning in November 2017 on my Instagram account DOGEMIKELE, it was a bit premature as Bitcoin continued to rise, however that was also an indication that we were on the last stage of the BUBBLE.
PS: I will try to be consistent with my posting, I'm a hedge fund manager and have been trading for the past 28 years so I believe it is Give Back time and I figured out that I am capable of doing it is by posting my signals and behavioral analysis (a field that encompasses technical analysis)
PS: I will try to be consistent with my posting, I'm a hedge fund manager and have been trading for the past 28 years so I believe it is Give Back time and I figured out that I am capable of doing it is by posting my signals and behavioral analysis (a field that encompasses technical analysis)