Another Sign the Crypto Bottom is In?
Mark Dow made an unpopular bet last year.
The former International Monetary Fund economist shorted BTC around this time last year.
Bitcoin (BTC) was over $19,000 at the time.
As you can see from the chart below, Dow has done well on the trade.
Well, it just came out that Dow closed his short position.
In his words:
I’m done. I don’t want to try to ride this thing to zero. I don’t want to try to squeeze more out of the lemon. I don’t want to think about it. It seemed like the right time.
He didn’t make any calls on the future of bitcoin from here.
But it’s interesting that he doesn’t see much downside left.
It may be another sign of the bottom.
or Abra
and trade cryptos on Binance and Bibox...
And delegate SP with MinnowBooster
In my opinion, not even close... but what do I know 🤷🏼♂️😂
Posted using Partiko iOS
You think we're going sub 1k? Why?
Have no idea. All I know bottoms in any market don’t end like what we seen last week. Bottoms in all markets are very aggressive 😀
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Nothing but to hope for the bottoming is over a few days ago @g-dubs
there are some good signs for the market, but overall trend is still bearish,
we could see 3000$ again.
what's ur prediction?
please take a look at my recent post and tell me what you mean.
follow me for more crypto ideas.
https://steemit.com/bitcoin/@orphism/bitcoin-is-the-bear-market-over
I think one more flush out to about $2,500 w/ heavy volume and a V bottom.
My bids are in ;-p
What can you say about the bearish market today? Do you think it's recovering now or it's just a little bounce? Im planning to join trading competition because i want to have some profits. Do you think it's a good choice? https://twitter.com/KuCoinUpdates/status/1075435801452969986
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