crypto weekness
Updated
I sold all my cryptos from coinbase on Thursday at 7:4-pm eastern time.
Bitcoin at 4719
ethereum at 386.74
litecoin at 73.39
i sold monero at Kraken at 140.46
I now see a panic developing. Liquidity problems are not evident yet but I am concerned.
the time to move between Kraken and Bitcoin not great.
I am awaiting wires from coinbase.
This does not look good to me.
I am suggesting selling cryptos here.
I am not advocating short positions but now am flat.
Bitcoin at 4719
ethereum at 386.74
litecoin at 73.39
i sold monero at Kraken at 140.46
I now see a panic developing. Liquidity problems are not evident yet but I am concerned.
the time to move between Kraken and Bitcoin not great.
I am awaiting wires from coinbase.
This does not look good to me.
I am suggesting selling cryptos here.
I am not advocating short positions but now am flat.
Trade active
only 4 out of 100 cryptos are positive this morning.and those very marginally.
if you have large cryptos I am advocating sell.
Note
bitcoin to test 4000Trade closed manually
I saw good buying interest at 4100.long term Bitcoin going lower but we could see a rebound
Trade active
time to sell BitCoin .buying interest was impressive from the 4100 level on Bitfinex.
now 4620 was a failure, now 4500 is support. Feels to go lower.
time to sell Bitcoin again
Trade active
a little panic here.stay short Bitcoin or sell.
if 4000 does not hold major sell orders could develop.
my Sept 4th call was good, I anticipated a rebound now cryptos are looking
very weak.
Trade closed manually
SHORT TERM BOTTOM ON BITCOIN HAS BEEN REACHED.Trade active
see my new post on crypto weakness
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