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RE: Bitcoin (BTC) Evening Update: Could Altcoins Rise while BTC corrects? Check out this analysis!

in #bitcoin7 years ago

If they short......they will lose. They know better than to short a bull market. Not to mention it doesn't matter. Unless the price progression changes sometime soon, the projection stays pretty much the same despite ANY news or events. At this point, it looks like they will get in just in time for the dip shown above. People will freak out about the futures and blame them....but it's just a healthy correction, then we're back off and running. This train ain't slowing down anytime soon the way it looks now.

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/xbt[f8]

Current bitcoin future contract.

$35,000 profit per contract so far if you would have shorted at the beginning of the contract.

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https://imgur.com/3Dnob8Z.jpg