I dont see any clue to long BTC for a long time. I know some traders would still want to long it to back to last high,like 20k? I would like to update BTC here to insist the clues that I found based on my strategy. Right now, a small range of correction back to 11k is possible, as long as the trend line is still valid, BTC still could drop down to 7k round and going to target lower low, 3k round.
Channel ABC trading course is going to online soon, hopefully that could help u understanding all my ideas. Our trading account start from 20k in Oct,2017, and now is targeting 40k in Mar,2018. Less is more!
Komen
⋅
Dagangan ditutup: sasaran tercapai
⋅
On this chart, target hit. The trendline was broken and rehit now. So take in that into consideration, you should now not short BTC.
You forgeting a lot of things.
1. The MT Gox trustee has sold everything they need to sell, and the rest will be many years before they can sell.
Its a huge legal battle now for the rest of the coins:
There’s a raft of claims and counterclaims by the trustee, including a petition to bankrupt Mark Karpeles. As such, any distribution appears very unlikely before all these proceedings are settled, which could at this rate be another half a decade, with all the legal expenses paid by the creditors.
trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash
2. If you look at the short chart you will see shorts getting out big time last 2 days including today, they know its oversold. The power the shorts has is way to litlle at the moment to stop it from going up.
3. The Positive legal news from USA, last weeks
Right now the arrow is pointing up.
nakov
⋅
@crypto008, thank you for this almost insider info about the Mt Gox trustee and the legal action steps.
xhunter
⋅
@crypto008, Why buy now when you have a shrinking crypto marketcap and no hype at all. The alt bubble is still big. Big players are cashing out from alts after small bumps and getting back to BTC for their long term holds. Alt market is capitulating and the BTC dominance is rising. But we still need to head down since alt bubble is still too big. I believe BTC will at least see 6800-7200 then the crypto marketcap should bottom out. I don't think the big players want to disrupt the miners with a bear market. So they are protecting BTC's price at the moment.
DrJLT
⋅
my account started from 10k in oct 2017; got to 60k in dec 2017 & I felt like 100x in a year was attainable. then, the crash came and now it's only 20k :'(
@DrJLT, "only 20k" lol... 100% gain considered as bad, only in crypto..
Flexiflex
⋅
@Flexiflex, cash out after the next little gain or after we went from $6.000 to x.xxx again. Emotional attitude like that will let your portfolio shrink to zero, mark my words.
1. The MT Gox trustee has sold everything they need to sell, and the rest will be many years before they can sell.
Its a huge legal battle now for the rest of the coins:
There’s a raft of claims and counterclaims by the trustee, including a petition to bankrupt Mark Karpeles. As such, any distribution appears very unlikely before all these proceedings are settled, which could at this rate be another half a decade, with all the legal expenses paid by the creditors.
trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash
2. If you look at the short chart you will see shorts getting out big time last 2 days including today, they know its oversold. The power the shorts has is way to litlle at the moment to stop it from going up.
3. The Positive legal news from USA, last weeks
Right now the arrow is pointing up.