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RE: Bitcoin (BTC) Morning Update: Could the Bottom be In?

in #bitcoin6 years ago

The technical analysis you used is very good for sure. However, one should bear in mind a new player/factor playin into this game, which is the BTC-futures whales who will play shorting one time vs longing another , using all their power to succeed their future contracts bids and double Benefit. I mean first they longed and they started to buy real BTC as well before future contracts time so we saw a surge up to 20k , so they won the bidding futures contracts, and then they sold real BTC high at that price. Next round they shorted bts, and sold more so fud happened and people sold as well so price dropped under 10k ( remember they sold high and now at this fud filled their bags cheaply ) ... sonnext round more probably will be longing ( and buying more, media helps fomo, price increase, they unload their bags) and so forth. That’s in my opinion .. we will wait and see
Cheers 🥂
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