Yesterday our telegram channel @blockchainwhispersbaby I posted this picture (you can follow it as there I put my rant that I consider too much to have here)
It was yesterday.
I wrote a full explanation of what I expect and why.
Look at how the chart looks today:
Bitcoin fell like a brick - over $1500 drop in no time... cashing-in on this artificial pump.
Even I predicted a bit more time for the dump to happen like a day or two more... which means it will be interesting to watch what happens next. This was very violent.
Is this over?
I don't know. It can go up still. But as I reported to our premium members earlier today, we won't be bullish until we see the real money coming in and being bullish.
What is tether?
They just confirmed in audit they have 25% less money than claimed. It makes it fake money.
But who knows even about this audit. There was an audit before that showed "everything" is backed up by USD.
That obviouly proved false.
I don't like to be negative, so I'll say just this.
If this shit stabilizes for a bit, altcoins might pump. That's one thing that's almost certain.
If they have more tether to offload, bitcoin will pump, but being sold for fake money, guess what that causes for the market (exactly this - $1500 dumps in a flash of the moment!).
If they are done, there is no good news and no clear reason for bitcoin to be bullish.
But being smart and disciplined can make you good money. We in premium are disciplined in alts as scoring 15% here, 10% there... adds on. We can't dictate the pace, as there is less real volume, and a bunch of manipulation going on at the moment.
This won't last long, but we have to preserve the capital for the times that will make sense for us to trade.
Premiums will now look to profit off of alts we are holding, be prepared for bitcoin, and avoid leveraged positions. You should consider the same.
Blockchain Whispers Only!
Where btc will go? It can pump to 10-12k or it can go to 3k... the more natural destination is 3... still. Don't shoot the messenger! Love the brother that tells you honestly as it is.