BTC, Continued HODL + Negative Shorts

12 dic 2018

As expected institutional investors are bidding against a bullish bitcoin and BTC has suffered one of the biggest market crashes since the BTC cash "hash war". Even Ethereum is taking a worser tumble. However, a 3 month long expectation at a dip of a $5000 price point is still feasible. I remember HODL'ing all my crypto at a 20k price point and I am still HODL'ing up until now making me a poster child for the movement. That being said, BTC does have a strong decentralized future. It is very vulnerable however to market speculations, opinions, and shorts. Infact, probably even more vulnerable to short callers as a cryptocurrency then actual stocks in the NASDAQ. I am a bit optimistic on BTC, but currently just evaluation chart patterns and expected trends without taking to account as many false positives or statistical outliers. Although, the price crash is a retracement of negative correlations in the past.