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I’ve got the direction right this time. During the last round of altcoin crashes, even Ethereum dropped to new lows, but Bitcoin was still holding up with almost no movement. Now with another big drop coming, based on the usual market correlation, Bitcoin will definitely have to catch up and drop as well.
Looking at the fundamentals: the US plans to buy 1 million BTC within five years—do you think they’ll start aggressively buying at the current price? Of course, they’ll wait for prices to be pressed down further. The logic is clear: this isn’t the bottom yet, and further declines are very likely.
So this time I’m getting ready to go heavy on shorting and bet on this drop! Gotta catch this downward move and make it a fat year! What about you guys, are you in or not?