Here is another great Bitcoin Swing Trade XBTUSD

14 ส.ค. 2018Lets get straight to it guys! Today we saw a great move on XBTUSD if you would have followed my last call to short bitcoin you would have been taking profit as of right about now as price races to make new lows. For those of you who did take the trade, job well done. Now lets get to analyzing some of todays action. Price has headed downwards for most of todays afternoon. As of right now price has made new lows which indeed will cause some spikes to the upside levels of $6200-$6500 from some larger investors awaiting on the lower levels before prices heads back down some more. Financial institutions are surely not done playing their mind games while silently obtaining a large mass of the crypto market. As we speak institutions are dumping the prices down the drain forcing the weak handed investors out of the trade. At these lower levels they sure will try to grasp as much supply as they can as so should you. Like I've said before this is a basic supply and demand strategy ran by institutions in order to have the supply in control. An when the tables turn and demand levels rise from the public who do you think will be the ones selling you these cryptos?.... Think about that for a second. Buying in the long term view is a perfect set up no matter what if you position your self accordingly. In the other hand short selling can be a bit exciting and present you with some quick profits in a short period of time. But i highly advise you that shorting BTCUSDcan be extremely dangerous and a high risk of your capital not for the weak stomach investor. Shorting is a realistic short term view for bitcoin since financial institutions seem to be running these silent operations of purchasing masses of the supply of these cryptos for now. Oh and quick note for you long term buyers....HODL!!!! This is the perfect correction which will obviously lead only to one obvious this............ An EXPLOSION!!! NEVER FORGET THE LONG TERM PICTURE!!