In this chart analysis we look at current and prior state of Bitcoin and compare it to market sentiment which we had seen back in summer of 2017 and today. Same people who are telling you to not hold Bitcoin or digital assets today are same individuals bashing crypto last year before it had its major bull run. TA 'experts' have been calling for Bitcoin reversal at $10,000 when we were at $12,500 when that didn't work they have been calling for reversal at $7,000 region and then when that broke at $6,000 we suddenly had shift in sentiment of most 'experts' calling for $1,000 - $2,500 Bitcoin. Where do you guys come up with these figures? If you're trading on Bitmex, sure that's one thing, but if you're investing in crypto for its technology you should not be like that guy who sold 1,700 Bitcoin back in 2011 at thirty cents, because it 'stabilized'. What is happening in crypto world right now is nothing else but transfer of wealth through economic revolution or reset. Crypto trading is for patient people. Disclaimer, I never owned or plan to buy any Bitcoin, alts are what hold my interest.
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Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors
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Watch stock market closely this week, expecting drop below 24k by mid week if not earlier for Dow Jones
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Short term corrections should not have any effect on your investments in medium to long term. Current market is worth more than 3x what it is due to all OTC sales we had this year.