After begging people not to buy the all-time highs of Bitcoin prices, I nailed my prediction of a $300 crash followed by a massive 30%+ rebound. I bought some Bitcoin after seeing the market hit my target buy zone on Saturday, December 7th. My target was a retest of the $900 level, making a quick ~35% on the trade. Make sure to follow me on Twitter for real-time trade ideas and training.
Then, I saw another great potential trade setting up this last Friday, December 13th. My idea was to short from $900 down to $705, which would have been a nice ~20% gain. Unfortunately, I don't currently have a way that I trust to short Bitcoin. Some people have sent me recommendations, but I'm not confident in any of the solutions so far. However, please send me anything you see via Twitter!
Also, make sure to subscribe to my YouTube channel so you can see my up-coming Bitcoin training videos.
Here's a few snapshots of my latest calls on Bitcoin price movement and trade opportunities:
Here's some current market moving news topics that are affecting Bitcoin prices right now:
- Bearish – China is trying to stop Bitcoin from taking over their ridiculous Communist system. Here's the official notice from the Chinese Government (you can translate with Google Translate)
- Bearish – Many banks like Chase are starting to ban any and all activities that involve Bitcoin. This includes anything relating to the buying and selling of Bitcoins, as well as anything related to mining hardware that would produce Bitcoins.
- Bullish – Fidelity is now allowing people to put Bitcoin in their retirement accounts.
- Bullish – Bitcoin ATM's are starting to pop up around the world!
I'm getting dozens of messages lately with people asking, “Where should I sell my Bitcoins?” I'm not an investment advisor, so I can't tell you what to do, but here's my typical response to people who are left “holding the bag”: