DrJLT

BTC: incoming crash to $7k? Who's buying?

Short
BITSTAMP:BTCUSD   Bitcoin
Ask yourself one question: Are you buying Bitcoin now? If you aren't, why do you expect someone else to?

Having led a blockchain project myself, I can honestly say that there are at least ten times more scammers (pretending to be marketers, influencers, investors, or exchanges) than real investors who show any interest in anything other than outright scamming us.

Everyone I know who has bought cryptocurrency says this space is full of scammers. Unfortunately, everyone thinks only projects can scam --- this is not true. The entire thing is filled with scams left and right. Our legitimate project simply cannot find many real investors --- we believe because real investors have left.

This is the story that the charts tell, too:

1. While there has been manipulations before, now price only moves with manipulations.
2. There are decreasing volume and obvious signs of wash trading, including "longs and shorts". MFI (third indicator in this chart) tells a very clear story.

Technically,:

3. Wave 5 has finished, and price has gone up 300%. Anyone willing to feed the whales?
4. Double top formation about to be confirmed.

There are not enough fools for this to go higher.

Clause de non-responsabilité

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