I love to short fomo and long folo.
Tight stops ($50-$100) are required above each previous top when it's broken or even better, hedge with spot/long (futures or 2nd account) up to a point of $10120.
This rally is unsustainable by the same market participants while investors are out, looking to breakeven or sell their bags from before local markup.
No new (big) money is coming in from my data and sources at those marked up premium prices.
Funny observation at bitmex:
Constant short liquidations at the slightest 1-2% upmove, while no long liquidations for 1-4% downmove. Money going in is limited.
All that ETF fomo news is for dumb money, i.e. retail minded traders and the institutional smart money love to play you, especially crypto traders/investors
From objective point of view, I see no chance ETF's will be approved (see my other idea for the arguments), even if so, the upside could be between 12-14k and I will happily ride that.
Tight stops ($50-$100) are required above each previous top when it's broken or even better, hedge with spot/long (futures or 2nd account) up to a point of $10120.
This rally is unsustainable by the same market participants while investors are out, looking to breakeven or sell their bags from before local markup.
No new (big) money is coming in from my data and sources at those marked up premium prices.
Funny observation at bitmex:
Constant short liquidations at the slightest 1-2% upmove, while no long liquidations for 1-4% downmove. Money going in is limited.
All that ETF fomo news is for dumb money, i.e. retail minded traders and the institutional smart money love to play you, especially crypto traders/investors
From objective point of view, I see no chance ETF's will be approved (see my other idea for the arguments), even if so, the upside could be between 12-14k and I will happily ride that.
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Just saw the red box (first entry) got moved and the road to 33k (long term) is not showed. Anyhow, here is a screenshot zoomed in.
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Once we hit 1-2.5k H2 '19, accumulate bitcoin. I've warned people for weeks before the alt slaughtering to NOT btfd, most people did not listen and sit on huge losses. In the accumulation phase of bitcoin, again, do NOT buy alts, buy bitcoin. We most likely again get a new top 10, because biggest money is made in pumping shitcoins you never heard of. Ico's are a scam. I've no problem giving money to good projects, but not in the form of an ico.
This is obviously no financial advice other than my own opinion and what I AM going to do.
There is a possibility for a medium term bottom 4-5k for 6-9 months, don't be fooled by perma bulls or bears.
Good luck out there, spend some time quality time with family, friends and your own as well.
This is obviously no financial advice other than my own opinion and what I AM going to do.
There is a possibility for a medium term bottom 4-5k for 6-9 months, don't be fooled by perma bulls or bears.
Good luck out there, spend some time quality time with family, friends and your own as well.
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I'll be back
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Finally one of the biggest permabulls known in public who agrees with me.
www.ccn.com/bitcoin-...os-most-bullish-vcs/
www.ccn.com/bitcoin-...os-most-bullish-vcs/
Trade closed: target reached:
Click the play button :-) Nice corrective upmove, I doubt remaining targets are finished, still open for next year, but we're getting closer.