Short-term bearish on bitcoin until ~$7k - #altseason is WAY overdue
The longer arrow is my medium-term prediction, while the shorter arrow is my short-term prediction. Of course my outlook is subject to change at any moment, so follow me on twitter for the most real-time updates if you wish.
IMPORTANT UPDATE: "It is getting very close to the point that I'll have to consider I'm very wrong about the possibility of #altcoins going up while #bitcoin comes down for any length of time, and that it's going to blast off along with #ALTs any minute... More neutral than bearish at the moment."
7:47 PM EST · May 15, 2019
But...
"More evidence of the recent direct correlation between the American indices and #bitcoin that I've been talking about for the last few days[the dip that happened right after I tweeted that coincided with a drop in the American futures]. I'm quite confident in my bearish prediction as far as they go, so if the correlation continues...↘"
8:17 PM EST · May 15, 2019
and now... "$BCH goin' for it... perhaps #alts going up while #Bitcoin goes down makes sense after all."
9:21 PM EST · May 15, 2019
Update(at time of tweet): 
It goes without saying that I'm more bearish now than I had been for the last few months on the American indices with all the recent developments. AG Barr in contempt of Congress, trade deal went to shit as expected, return of the "TARIFF MAN," everyone finally starting to realize his wealth is as fake as everything else, so and so fourth. Of course I have my technical reasons to be bearish too that I've been continuing to express on twitter over the last couple months. As I pointed out in the tweet above, the inverse correlation I've been noticing is now with the alts, while bitcoin itself seems to be more directly correlated with the indices lately. Another reason that I'm bearish for now. Explained in a little more detail below...
And as I said shortly after it first reached $8k this year, I'm still not convinced. So far it seems it overshot my bearishness by almost $1000, which is a great sign for the alts if I'm right that the bulls are about to focus on them for a while.
Time for #altseason!
Since publishing this, I also made a somewhat brief(< 15 min) video about what I've been seeing. Here is is.
The $6,500 level is long gone and let see if BTC's price can punch through the $10,000 level in the next several weeks.
I wouldn't be so sure just yet about anything above $4500 being "long gone" but I'm glad most people finally seem to be bullish :)