Bitcoin: The perfidious game of the Whales

Welcome, friends!

Just a quick word of caution today.

Let's get straight to the point: Don't go long yet !

Even if you are sorely tempted at times.
It is not over yet. The way I see it, the Bitcoin market is still bearish
and will remain so at least until the 3rd of June, maybe longer.
I will keep you updated.

The next drop is going to be bigger then the previous one.
Here is what I think is quite likely to happen in the following days.

Take care!
ReallyMe

Comment:

OK, it's time for an update.
The fears about the whale games were not quite warranted. In truth, these were normal price jumps between the Fibonacci price-levels in a starting uptrend. It's became clear now. So... Good News: It looks like the Bitcoin has managed to pass the lowest point @7035 USD and started a new uptrend (since May, 28 2018). Here is the current "big picture":

On the positive side, and this is quite important, in my opinion, the last low on May 28, 2018 was about 540 USD higher than the previous one on Apr 5, 2018. That is, the market is bullish not only in the current uptrend but also on the bigger scale, too.

Comment:

Comment:

Let's face it: the supposed "uptrend" looks more and more like a huge bull trap.
Unless... a miracle will happen shortly and the Bitcoin goes up to 7800 all of a sudden. I wouldn't bet on it...

Comment:

As suspected, it's official now: Uptrend definitely denied!
It turned out to be just another huge bull trap...