Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.
I secured myself $160 profit that would now be a deficit by coming out of my short when Bitcoin was still at $800. Bitcoin is now at $813, and that would be a significant $813 where a reasonably high volume could be traded. A $13 rise is a significant rise to a swing trader, especially if that $13 does actually mean $13.
Anyways, I never got my long bets in cos:
a) It never dropped below what I came out my short sell at and my long bets were placed slightly below.
b) Once again, I couldn't get to sleep having long Bitcoin bets. Dreams of Bitcoin hitting low $700s (and me being down thousands) woke me out of my bed and I had to cancel my longs in order to get some sleep.
I say that either Bitcoin fizzles out beneath $815 resistance and then slides right back down, or some surge in whale buying power pushes it briefly over £815 resistance only for absolutely fuck all other market forces to be interested in keeping it there.
Bitcoin is going much lower and much lower within the month of February.
