Great analysis like always - I really think that your scenario is right (also in context of @passion-ground longer term view) and you saw that coming very early. That would mean build up cash @ 13'000. To be honest I look forward to the 7'000 ... than we can find a bottom and leave this mess behind us.
same here. I can't wait when this mess is over and it is back to business as usual.
This was very scary for every new investor who bought recently, because BTC supposedly can only go up...
Yeah - on the other side I heared today that a lot of people are getting into the space due to the correction as bitcoin seems to be "cheap". Hope they are not all jumping out with the further decline to come.
But I heard from Swiss bankers that a lot of clients want to diversify into crypto and that they are piling money which waits to get in. So if another dip comes they will get in - if no dip comes and bitcoin gets bullish momentum - they get in. Either way we will see a lot of money coming in soon - I am very positive.
There is definitely a lot of money waiting for a good opportuinity. I don't remember which bank it was that stated the crypto market could reach 10T by 2019... They might be right if BTC hits 66,000$.
I just left a comment reply to @ew-and-patterns letting him know that I posted a reply to his shorter-term questions. Waiting to hear back from him to see if he want's me to share the link to it anywhere.
Though he was already kind enough to re-steem - @ew-and-patterns suggested I also drop a link to the post in this thread. Thank you again, my friend!
https://steemit.com/btc/@passion-ground/btc-futures-or-8-hour-bars-or-from-the-top-or-for-ew-and-patterns-and-friends