BitcoinShort
Idea for long term
Updated
Yes I believe we are here now- bitcoin correction is not over.
Yes, it is not 2014 and there is much more liquidity and media attention for Bitcoin...
but still I believe outcome is the same.
In my opinion, "Big money" bought up bitcoin and altcoins last year and they took their profits in Decemeber and January. It is not time for them to re-enter yet in the way many are thinking. Yes Bitcoin I believe is long-term bullish, however, i think we still have a few months more of chop left before we see a new bull run. The big trend line is what im thinking, and I believe right around $4300 will be the bottom of the correction. Ill keep this to see if im right!
Yes, it is not 2014 and there is much more liquidity and media attention for Bitcoin...
but still I believe outcome is the same.
In my opinion, "Big money" bought up bitcoin and altcoins last year and they took their profits in Decemeber and January. It is not time for them to re-enter yet in the way many are thinking. Yes Bitcoin I believe is long-term bullish, however, i think we still have a few months more of chop left before we see a new bull run. The big trend line is what im thinking, and I believe right around $4300 will be the bottom of the correction. Ill keep this to see if im right!
Note
I have not posted a thing as I’m still letting this play out. It’s still not bottomed!
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