Crypto Wipeout Resumes

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I haven’t kept a secret of my view that, should the Bitcoin Fibonacci support be breached, we were heading back toward the $7,000s. Indeed, I mentioned it just yesterday on my tastytrade show. And here we are!


Of course, Bitcoin is practically a rock-solid blue chip investment compared to the “alt-coin” space, which has suffered losses of anywhere from 90% to 100% among the countless hundreds of little frauds that were pushed onto a dopey public in late 2017 and early 2018. Take Ripple (please!)

slopechart XRP

Remember this headline from early 2018? Good times. Good times.