Bitcoin Update:-
In our previous call in which we advised you to short the Bitcoin at 6750$ was a great opportunity, we shorted at the top and it dumped from there to 5700$, we recommended you to use the 10x leverage, calculating the profits shows that it is almost 185% profit for the members who shorted at the given price!
Cheers! :beers: that's massive in the bearish market!
What's next?
We still bearish on Bitcoin, and expecting more drop 5000-5500, which will be a final support and can be a reversal, if not then by the cartel article which was posted here showing the Bitcoin will go down to 2500-3200$! But I personally do not think that we will go down to those levels!
We are going to open the longs at 5000-5500$, we'll update once we reach there! Meanwhile, you can follow the short call which is still active, I hope you all guys are saved by the short call!
Every day it's dumping and there is huge panic selling in the market, every single coin is just going down and down!
The same thing happened last year and it was bearish for months! We are expecting a reversal but not soon, it can stay the same for weeks/ months before recovery!
What can you do?
Wait, HODL if you are in loss!
Crypto will come back stronger and we believe that it will go for new ATHs sooner or later!
There was a positive news about the Mt. Gox that there sell of is now ended and there will be no more selling, but the prices just tanked down despite the positive news, we believe this is happening because of the fear and uncertainty in the market, there are 1% of the whales but those are the ones controlling the market and creating the FUDs and panic, when Bitcoin goes down, they send and publish the FUD articles, all of the articles are published by them and their bloggers!
By looking at the charts, we are expecting another drop, it might bounce a little but considering the dead cat bounces, we won't trade in this condition at all but we can play longs/shorts at Bitmex, only margin trading is profitable in this bearish season!
Be ready for the next updates and calls for Bitcoin!
