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BTC is about to crash 50% to 29kI said BTC had topped out when it reached 53k back in February and congratulation to those who sold then and did not FOMO back to the market. If you dont see the great short now you will never see it. The market has finally topped out. we have confirmation. The volume is declining and all the major indicators are pointing at the 29k level. This 50% crash that is coming is a gift to all the amazing bears out there. The bears always win in the end. Mark my words. Dont start crying when the sub 30k levels are coming. A 60k BTC is not sustainable in the long run. 20k-30k is a fair price to start dollar cost average back inn to the market. Dont be a fool and go all inn now, be patient and wait in a short position. When the blood starts flowing in the streets you better drink it up. Dont be the guy that are bleeding.
BITSTAMP:BTCUSDShort
by CyberNetGain
11
Trump Tweet = Shots Fired! A Warning?! SHORT BTCUSDFRIENDS I'm gonna catch a lot of junk for this but I'm going to float an idea for you. Time to abandon ship. I love crypto. You can see my charts going back years, but it's time to get out. There are two main reasons. 1. There are a lot of think tanks articulating a working international gold standard. It's coming. It has to. We can't survive on this imaginary fiat economy for much longer, I'm sure this we can all agree on. 2. The Trump Tweet. Trump tweeted, "I am not a fan of Bitcoin and other Cryptocurrencies...". Most people see Trump as the enemy. However, I think he is trying to give people a warning. I interpret his tweet as: "We are about to nuke Bitcoin and other crypto. Get out now because we're about to press the button. I'm going to fix the economy, but crypto won't exist." I know most reading this are laughing. That's fine, I likely would too. All jokes aside, you've been warned. It's easy to buy back, but if the floor falls out this could get ugly fast. Good luck crypto friends. TECHNICALLY This isn't the prettiest picture. The weekly MACD has been one of the best swing trend indicators and unless we shoot up in the next 24 hours we're probably going to get a bearish cross tomorrow. Intraday charts are uninspiring as well.
BITSTAMP:BTCUSDShort
by jamiecassels