The Reversal is here
Updated
Just opened a new short position at 7900 USD.
If you can readily see, things might happen again. All "good" things come in threes.
Bitcoin is a big pump-and-dump scheme. In my humble opinion cryptocurrencies are frauds. A social phenomenon based on the enthusiasm for a new technology. Lot of people make profit out of the transaction fees and ICOs. Bitcoin defies traditional currency and economic models, which is actually the problem of Bitcoin.
You should always invest only what you can afford to loose!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
If you can readily see, things might happen again. All "good" things come in threes.
Bitcoin is a big pump-and-dump scheme. In my humble opinion cryptocurrencies are frauds. A social phenomenon based on the enthusiasm for a new technology. Lot of people make profit out of the transaction fees and ICOs. Bitcoin defies traditional currency and economic models, which is actually the problem of Bitcoin.
You should always invest only what you can afford to loose!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Note
If there is big selloff, Bitcon will be lost. We will see. I have just reduced stop loss to be breakeven.Trade closed: stop reached
Closed short position- nice profit gained. Now pump to bring people back. Good opportunity to go short again, but I need to find the entry point.
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