$BTC LOG SCALE ON COINBASE FAT BEAR

6 dic 2018

If you look at the daily Coinbase chart and switch it to a log scale chart. Then you will see that the uptrend is stronger than you thought but you will also see that we have been in a Bear market since price closed below the 200 EMA back in January of this year. I have been told that many long term institutional investors use Log Scale charts -vs- standard Linear Scale charts when they are making TA decisions. Either way I feel that it is in my best interest to try and swim in the direction of the current. With that being said institutional money has been short since last December when the BTC Futures contracts launched. Who do you think ran the price way up to 20K just so they could short it at the tipsy top? Every week since they have been short, balance heavy in the futures market so until we see them swing their positions to the long side then I feel that we are looking at more downward pressure. Not only do we have problems with several adult man children fighting over their toys (BCH Drama) but their is no one with a vested interest to defend BTC at this level. What I mean by this is, when the CME and the CBOT decided to launch BTC futures contracts then on that day they started buying physical BTC and how many years did it take them to stand up their products? How many years ago was that? The institutions are into BTC much lower than many would think so don't be surprised to see BTC slide to $1,500 or lower. Just my 2 nickles. DCA + HODL = Success. Viva La Crypto!!!