Binary Bust

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There was plenty and chatter about how amazing Bitcoin was doing lately. I even did a post about its well-formed bullish base, but my first words were “I’m not even going to try to understand the logic.” Someone actually emailed me the “logic” behind the trade (something about Chinese wanting to get the hell out of China), but in spite of all the hoo-ha, the ridiculous crypto-currency trade has poo’d all over itself, losing nearly a quarter of its value in a span of hours.

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…..which must be a disappointment to those following this investment advisor:

As for me and my non-bitcoin trading, I’m having a pretty good morning, up 0.6% when the S&P is absolutely unchanged.

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