tmsarn

BTC/USD 2nd TRY to short - still not enough buyers for new ATH

Corto
BITSTAMP:BTCUSD   Bitcoin
Analysis: My early short position has failed (total loss -9.6%). I was too early and too optimistic about a new corrective move. I am still looking to short the market. Right now the market is stretched to the upside by a lot, this is not normal, markets don't go up like this way. If we compare this years bull market with the previous ones (2011- 2014, 2015-2018) it's possible that the major market bottom will be around the 10k level. I am not planning to buy until we go back to some low levels. Don't be fooled by this up move guys, altcoins market is still up by 10.000%...
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