I have closed my positions, changed my perspective and started planning for the abandonment of Bitcoin. Research tells us that 'Google Trends' is a good indicator for how the stock market will move; if the search trend is categorized as 'financial'. Bitcoin is loosing daily hits which should be of concern to everyone. We will go down, but it's impossible to predict how far. A bear market can go on for over a year too. The other concern is that the market is about to end with three consecutive red days, which is called "three black crows".
Honestly, I did never think I would go to the other side: short.
Honestly, I did never think I would go to the other side: short.
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Take a look at Filbfilb's long term analysis and you will see the hype always ends:
