EnigmaTrading

EnigmaTrading Updated 

Now that the BTC ETFs have launched, I expect a long period of ranging sideways price action on BTC. This is similar to what GLD did when it launched. It stayed in a 10% range for 300 days. I think the play now is ETH with potential ETF launches for ETH as early as May. Watch BTC/ETH chart during this period.

EnigmaTrading

It looks like China dumped their bags on the S&P500. It's time to buy the dip!

EnigmaTrading

" The bottom is in " is what they say. That's not what I'm seeing on my chart and it's this kind of market sentiment I like to see when making short predictions. If you zoom out on the chart, you'll see Bitcoin has some room to go up while still maintaining the long term bearish trend. I'm seeing 4200-4300 as a good range to short if we get there. This range...

EnigmaTrading

Here is a different perspective. We made what some may consider a large move up, but BTCUSD shorts have not really been squeezed yet. So far this move looks like it has enough momentum to get us to 7050-7150 which could be accelerated with a real short squeeze. I'm bullish on the short term and looking to enter short positions around those levels.