BTC: Fun is over...or is yet to begin!

2018年4月5日As the title says, "fun is over" but mostly it depends on where you want BTC to go.

Bears will have fun, Bulls likely not.

There is no moon here, at most you can si back on the ground, it all depends on how you get back to mother earth. Will you fall down from the top or will you just land safely?

We are in a downtrend and I've been telling you so consistently. The crossing of 50 and 200 EMAs (Death Cross) gives yet another signal.

If you still think the moon is near you're likely blind...or you're simply a fanatic. Both things might get you in danger in the financial market.

Macroeconomically speaking, India banned the dealing of cryptocurrencies to its financial institutes (cnbc.com/2018/04/05/indias-central-bank-bans-financial-firms-from-dealing-with-cryptocurrency.html). This could definitely "cut" the fuel by roughly 1,3Billion people (2016 data).

All those information summed together doesn't give a bright future for Bitcoin (or any other cryptocurrency to be honest).

As usual, merely my idea and analysis. Not a trading advice.

Stay safe out there!