Here is another view of the Bitcoin chart. The MA 200 and MA 50 made a cross. This usually results in a longer term of drop as already seen between march and april 2018.
I don't want you to take the red arrows as targets. That's the reason why I did try to keep them shorter than they are or maybe will be. There are many possible targets. For now, Let's say lower than 7k and that we are bearish.
Thanks a lot for this. I was unsure about being bearish or bullish as many people are bullish
calumon
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@tradingAtNow, Thanks for the support. When it comes to Bitcoin, people often do what they think what the news will lead to. But the chart is bearish for the very moment. Of course, it can change very fast as the market is not that easy to predict
PringleDealer
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I hope it goes down ! I got a short rollin at 8213 25x~! im super risky i feel dumb like i should of long or just done nothing... whats ur thoughts lol
calumon
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@PringleDealer, Does any cent survive if it goes up to 8400 and drops? There might be a huge movement tomorrow. I would sh*t in my pants if I were you lol
PringleDealer
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@calumon, 8511 is my LIQ price. I feel like it could go either way and im being super risky I might look to exit this short soon. Any advice is appreciated.
calumon
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@PringleDealer, Don't ask me mate. It's your money. When I said short, I said over a period of days/weeks. And not over tomorrow.