We are seeing a continuation of BTC , and crypto makes its way down with high velocity. You will notice that high velocity down is usually followed by an explosion higher in price once the bottom is set. There are fundamental reasons that sometimes come into play but strickly speaking from a technical point of view. High velocity in either direction means the opposite direction carries more significant momentum once the price turns around. High velocity tells us extreme fear or extreme greed is driving the price. Often, this fear or greed is unfounded, and thus price returns to its balance. In this case, all Cryptos are going down not due to, in my view, fundamental reasons but due to greed and fear driving prices down lower. This will reverse itself, and price will come back into harmony. That harmony is in BTC and cryptos going up higher. I don’t see a reason for crypto to fall; there are no fundamental reasons for it to do so. It’s the currency that will fund the next wars that the world will see and will usher in the digital era of currency through central means. Crypto must remain bullish if you believe the future is digital for world currencies. We had shells and stones as currency, then silver / gold , followed by gold-backed notes, then came the fiat, next is digital… evolution of money.

In the short term, it’s clear where BTC is headed. If you are bullish like me, wait patiently for the long signal. It’s not here yet. However, there are a lot of opportunities in shorting. The most straightforward strategy at this time is to short minor cryptos that exhibit a lag in price movement to that of majors. Such cryptos that I saw today are DESO and DNT , for example. I’m coming up with a very straightforward strategy to capitalize on this delay that fits nicely with my momentum strategy. There are a lot of opportunities, and that’s always exciting! Trade safe, my friends!