[jdruiter]

Bitcoin | Consolidation or Crash?

First some good news:

The Bitcoin Misery Index, BMI, Is Flashing A Buy Signal

https://www.forbes.com/sites/chuckjones/2018/03/10/the-bitcoin-misery-index-bmi-is-flashing-a-buy-signal/#240d872d6a22

And my analysis:

Many users are in arms because Bitcoin keeps dropping and pulling altcoins down with it.

So even if you're not a Bitcoin maximalist, the big question is: Is Bitcoin going up again?

1. It looked like a consolidation
   http://woobull.com/introducing-nvt-ratio-bitcoins-pe-ratio-use-it-to-detect-bubbles/

2. It turned out a crash
   http://charts.woobull.com/bitcoin-nvt-ratio/
   The number of transactions is currently very low

3. Yep. More downside is possible:
   http://charts.woobull.com/bitcoin-nvt-signal/

I'm making two predictions:

1. We're in a bear market;
2. The bottom will be around $4000;

Lets see in a couple months.

You can buy Bitcoin in many places, and short Bitcoin at Kraken and BitMex.