There are positive signs for a trend reversal but I think the most likely scenario is BTC trades between 9000-7800 for the foreseeable future with no real direction, possibly a capitulation wick down to the 5000 mark.
It is worth nothing the many hedge funds have will only invest in products above a $100,000,000 valuation which is $5887 per BTC (100,000,000,000/16,986,500) at the moment.
The Bitfinex Longs / Shorts are pretty much identical.
The BTC OTC market is booming so I still see BTC smashing ATH within a year but a few months of consolidation would form a better base for this run in addition to hurting people without patience in this high leverage trading environment. I think ALTS will be a better play in the Crypto market for the next few months.
It is worth nothing the many hedge funds have will only invest in products above a $100,000,000 valuation which is $5887 per BTC (100,000,000,000/16,986,500) at the moment.
The Bitfinex Longs / Shorts are pretty much identical.
The BTC OTC market is booming so I still see BTC smashing ATH within a year but a few months of consolidation would form a better base for this run in addition to hurting people without patience in this high leverage trading environment. I think ALTS will be a better play in the Crypto market for the next few months.
Dagangan aktif
Opened a short at 9040 average as a hedge.Nota
Update: Looking at the monthly close and the daily The bear market looks to have slowed and now I am hoping for some consolidation between 9240 -8200. In my opinion this would be very healthy in the long term. I still have my short open (Only 5x) as a hedge and I am mostly in fiat / alts.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.