The selloff in Crypto and equity continues for last several weeks. At this point, I think equity is over and headed to downtrend for at least next five years, but bitcoin will be the winner, and head up to $100,000 in next 5 years. But I am not sure other crypto, mostly will go to zero. There will be several comes back. Bitcoin is the one to go for now. The uptrend might be a slow process, but it's better than any other alternatives.

Today bitcoin offers another buying opportunity if you miss the entry at earlier February, and it will go to at least $14000 to $16000 in earlier March.  You won't see Bitcoin below $10,000 for a few months from now. Get it and enjoy the gain.

The selloff in Crypto todays is retest of last Friday, and normal volatility for Bitcoin and Cryptocurrency. There is no reason to panic and ne worried. If you are not used to this volatility, probably cryptocurrency trading is not for you. I still think this is a great opportunity to buy for 2018, and Bitcoin can rebounce to $15,000-$20,000 in next month or two, and much higher in the summer and Fall. If Bitcoin drops to below $5000, I might change my view for all time top of $80,000/$100,000 this year. So far everything is normal even though the selloff is slightly more intense than what I thought.

The sell off of Bitcoin and other Cryptocurrency today is actual the best buying opportunities for 2018. I expect bitcoin will rebounce from here and reach $30,000 around May, and possibly $80,000/$100,000 in the summer. There is still time to get into bitcoin now, and start to put a few hundred or a few thousand, you will get surprise profit in a few months.

I have been expecting some kind of selloff  August or September, but I am still amazed by the panic action in equity this Monday.  I am buying into the selloff Monday morning and already make big gain on it. I expect the morning low will be held for at least one month or two,  market will bounce in next few days with some ups and downs.  My upside target for S&P 500 is at least 2000 by next week or later this week, and possible go to 2030 sometimes next week.

There are a lot of headline about Monday morning's flash crash. Actually this kind of action happens a lot of time in the past. The most recent one is August 2011, May 2010. Going back to old days, it happened in January 2008, April 2000, and August 1998.  All these cases the market bounces back big in a few weeks even with some twists and turns.

Last week equity market's pullback and volatility lasted only three days, and did the usual rally into resistance. I don't expect too much movement this week,  S&P 500 possibly will pullback to 2070 sometimes by middle next week.   The big movement might not happen until later August and earlier September.

Now market is very flat, not much activities. I can have time to do more research and watch closely for several stocks to get better trade setup for next big profit.  Only one week's quiet time, and I will wait for the next big action later August.

Even with today's big rally, I still have the same view as before that this rally will be sold. I expect S&P 500 will pullback again this time to 2030/2040 possibly by next week. There will always be some rally in between, and I will short it again.

For now I think the six year's rally from 2009 ends this summer. The whole market tops out this time, so in the next few years, the big money will be made on the short side.  Previous I thought S&P 500 might be able to get to 2300/2400. Now I think that might be too much a stretch, and the market price action give more topping signal than another big leg up at this time. There will be tremendous opportunities on the way down.

I see some good trade ideas developing now, and this time it could turn into some small fortunate. A few more days I will be able to get it.