The market seems to be experiencing a flood of new investors mostly "Get rich fast" kind of people. I think we are about to begin a downtrend or at least sideways trend for the upcoming months, Set to begin in 2017, August. Toping around 2000$ in the end of march.
If this goes above 2100, then we have fib extensions at 2565$ and 2923 for possible tops.
Shorting bitcoin with all this irrational buying is dangerous, but if you must then stop loss should be put around 2020-2040$. Above this price with much force will invalidate the short intended here..
bfx usd funding fees reached over 0.25% daily today.
We are in bubblish behaviour.
Won't short until the dump begins, but i'm ready to do it. The top will be between here and 2300 imo.
Salimo1901
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Thank you for sharing your analysis.
I will keep an eye .
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We are in bubblish behaviour.
Won't short until the dump begins, but i'm ready to do it. The top will be between here and 2300 imo.