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Short

BTC found bottom? NO. (Feb. 07 update)

BITFINEX:BTCUSD   Bitcoin / Dollar
BTC             has reached my first target 8k, as I predicted two days ago. From this point, I do not know how high it will go in the following 12 hours. Could be 8k5 (target 2) or 9k (target 3). Or it could just start another free fall, since we are still in the capitulation phase.

If you want to play safe, sell now and rebuy when it hits the bottom of blue dots triangle. Or rebuy when the ultimate target is finally met.

If you want to take high risk and get high rewards, you can wait for another 48 hours and see what will happen.

******I trade based on my own analysis. Usually I gain, but sometimes I do fail. So please make your own judgement. *******


Donation: xrb_1ee1mxnsss6fsb6iaes8c7hy7ox9qc9ieye1acxbo69wd3wkbsb7y8dd6xth
Kommentar: Another reason why I am saying that we are still in the capitulation phase is that the total market cap chart shows way worse pattern. The bottom is no where close. Even BTC recovers a little bit, it will soon be dragged down because we still have so many shitcoins and vaporware in the market. Expect the crash lasts a few more weeks.
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