BTC/USDT still short longterm
Updated
I'm a believer, but still short on BTC long term unfortunately.. its very low strength trying to keep above water surface, and not drown, so to speak..
I dont know how bullish people can be, when we see this HUGE red cloud above.. in fact, its bigger bearish now, than we were bullish going to 20000 highs..
lets see our options..
Dreamers unrealistic (but possible) scenario (1% chance): we go to the moon 30.000-100.000 till the end of the year if we break this huge cloud above 12.000.. If you happen to have stack of millions of dollars laying around, please buy now, BTC needs you desperately :D
BEST case realistic scenario (9% chance): we go to 12000 then crash, in that case still will be more oportunity for trading alts till summer..
My PROBABLE scenario (80% chance): we stagnate around 8000-10000 for month or so, then slowly but surely go down 2014 style.. little scalping possible now and there and catching bottoms later..
WORST case scenario (10% chance) : we crash about right now, only oportunity will be catching huge drops on the way down and selling dead cat bounces..
first bottom projection 7000 to 5000 levels, secondary weak bottom at 3000, dooms day bottom at 1300 around years end..
good luck to you all, keep your USDT stacked for later, or just cash out if u need a holiday :)
I dont know how bullish people can be, when we see this HUGE red cloud above.. in fact, its bigger bearish now, than we were bullish going to 20000 highs..
lets see our options..
Dreamers unrealistic (but possible) scenario (1% chance): we go to the moon 30.000-100.000 till the end of the year if we break this huge cloud above 12.000.. If you happen to have stack of millions of dollars laying around, please buy now, BTC needs you desperately :D
BEST case realistic scenario (9% chance): we go to 12000 then crash, in that case still will be more oportunity for trading alts till summer..
My PROBABLE scenario (80% chance): we stagnate around 8000-10000 for month or so, then slowly but surely go down 2014 style.. little scalping possible now and there and catching bottoms later..
WORST case scenario (10% chance) : we crash about right now, only oportunity will be catching huge drops on the way down and selling dead cat bounces..
first bottom projection 7000 to 5000 levels, secondary weak bottom at 3000, dooms day bottom at 1300 around years end..
good luck to you all, keep your USDT stacked for later, or just cash out if u need a holiday :)
Note
note: NEVER ever really short crypto.. by that, I just mean go to USDT or cash in bear times :)
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.