LAST CALL - SHORT BTC/USDT UNTIL DECEMBER
Hello Trader!
Things have gone exactly how I expected them to since my last post on November 9th.
1. MMAR still all red.
2. Squeeze momentum crossed 0 into red, accelerating downward. No resistance at the 0 mark was felt, unlike the previous cycle from the second half of October. That last big up at the start of the month from the bottom of the current green fib range to essentially where we are now was not a very natural move the market wanted to make. The big cross at 0 downward with no resistance that just happened was pretty much everyone on the market saying get this BTC off my hands ASAP.
3. Judging by the fib, we're gonna go down to 8k at least, 7k very likely, 6k likely if 7k is breached, and 4k worst (or best, depending on your perspective) case scenario.
4. Vix Fix is high but not lighting up
5. B William's 3 lines all downward
So I can't tell you how long this bear market will last, or exactly how low it will go, but if you're not shorting right now I would recommend moving at least some BTC into USDT or fiat.
Best of luck,
Alvin
Things have gone exactly how I expected them to since my last post on November 9th.
1. MMAR still all red.
2. Squeeze momentum crossed 0 into red, accelerating downward. No resistance at the 0 mark was felt, unlike the previous cycle from the second half of October. That last big up at the start of the month from the bottom of the current green fib range to essentially where we are now was not a very natural move the market wanted to make. The big cross at 0 downward with no resistance that just happened was pretty much everyone on the market saying get this BTC off my hands ASAP.
3. Judging by the fib, we're gonna go down to 8k at least, 7k very likely, 6k likely if 7k is breached, and 4k worst (or best, depending on your perspective) case scenario.
4. Vix Fix is high but not lighting up
5. B William's 3 lines all downward
So I can't tell you how long this bear market will last, or exactly how low it will go, but if you're not shorting right now I would recommend moving at least some BTC into USDT or fiat.
Best of luck,
Alvin
