hi, guys. this idea cancelled, btc made new high and broke this pattern.
I am still in short but moved stop to 7520 and with new target 4800.
wierzbix83
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Seriously people you are doing short without ANY sell signal trying to catch the top tip?
IMO: Thinking that price is insane is not enough to do the short, could be ok to stop opening next longs
sebastian.soik
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@wierzbix83, Shorting BTC has never been a good idea. But it's also not correct tht we don't have sell signals. In fact all technical indcators advice selling at the moment. Bitcoin is in the very definition of a bubble because it's going to go live on Wallstreet at year's end. The bad thing about it is that all institutional investors will (have to) wait for a drop.
@invisiblefriend, In deed. I think we will see a very flashy crash directly followed by a strong and ongoing uptrend because big investors will all try to use the discount prices then.
But one thing is for sure. Bitcoin and Blockchain in general can't be stopped anymore. Some minutes ago Blockchain Tokens like CVC had been in the general news in Germany because of the massive amount of unbanked people trying to come to Europe.
Let's just eat this situation and wait for the right time to invest.
I am still in short but moved stop to 7520 and with new target 4800.