Time to get out from bitcoin
BTC has which i believed hit the top since last week somewhere around 7600, and we are now on 3-4day consolidation, what might happening is it going to hit some bottom around 66k, and if it bounce back to 7k or 7200 before it hit the bottom in next few hours, is still under my expecting.
But, however... please regard, we had at least 2 times pullback during this year and each was crash about 30-50%of its value, so in a longer term, we might see some crash again.
fundamentally, please recall the year 2013-2014 when it had first hard fork. when the bitcoin cash was birth after that, bitcoin value almost gone nothing form its record high.
Im not calling anyone should sell all of them, however, if you are holding this assets, you might want to sell half of you inventories in this case.
but if you are trader, you should able to aware the bear.
Start shorting bitcoin, disregard those noise trader, time is very close to the next adjustment, and it will wipe out all those buying at the top.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.