https://www.marketwatch.com/story/x...rs-of-work-and-other-peoples-money-2018-02-06 Somewhat related to price of bitcoin (as some have mentioned it can go to zero).
Lets get this sorted once and for all Johnarb, are you going to defend Crypto currency just by using the excuse that "even the established financial product with real backing ( Commodities. Country based currencies etc) experience volatility " It seems you still believe in this as a storage of wealth!
Let's talk technicals!! On the daily chart for 33 days, the price hasn't been able to close or even just go over the SMA line. So that is the big hurdle upward, currently sitting around 9.5K. I would use that as a shorting zone. Once that zone is cleared, one can get more bullish on BTC, but there is still the upper BB at 12K what would be a major shorting line.
So just for the record, the current high was 11.3K and dropped down to 10,175, currently 10.5K. Thus with very little heat one would be in profits waiting for more drop.
I think your previous calls were also good, but I don't think you made a trade on any of them as I did not see any details of your position.