Bitcoin & cryptocurrency update

in bitcoin •  7 years ago 

There is no reversal until bitcoin cross 7000$ level, these are just dead cat bounces, no real reversal! just a small pump and then dump, it is doing the same for months, just dumping, and I believe it still didn't touch the bottom point from where the reversal will start. the bottom point can be 4800-5100$, do not fall for the traps.

Relax and watch how the whales are playing this to liquidate the shorts/longs :) when the volume is low, it's easy to manipulate the price of Bitcoin and other coins! only a small buy can change the price and you will get liquidated!

Do not open any trade yet until there is a real reversal, not fake bounces of 200-300$ , these are not the signs of recovery , but noobs see a 1% greenish move and rush to buy the coins, and there are so-called experts recommending their members to buy and sell for 20-30$ margin, which is bullshit and you can not earn by that way :) you will only lose if you are playing the wrong game here! there is nothing you will earn if you trade at Bitmex with leverages for the only 20-30$ change of Price in Bitcoin! But other coins with smaller values like ETH, LTC, ADA can give you good profits even if they move 2-4% from your entry prices.

Play safe and do your own research before following the advice

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