Integrated Ventures Inc (INTV)

[EliSmith]

AW What I previously said was, in a bear market traders typically short the rallies instead of buy the dips. The reason they pile in at this level is because bitcoin is now in a bear market and is at important resistance between 40k and 42.6k. The more important the resistance is the more we expect bitcoin to bounce lower off of it however if bitcoin manages to break above important resistance it is all the more meaningful than if it broke above weak resistance. Having said that, the bitcoin short trade right here is too crowded IMO. On a different note, if bitcoin can ever get back up to the breakdown area of the head and shoulders top some guys think it could become a life changing short. On the other hand IMO if bitcoin can convincingly break above 58k area the game changes again. I still suspect bitcoin has not bottomed in this bear market yet. JMO.