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It is simultaneously amusing and annoying to see the constant “BREAKING” news from the crypto creeps, trying to come up with something – anything! – to re-ignite their dying crypto market. Whatever news is being offered is always “giga bullish” when, in fact, it is anything but.
Here’s an update on American Bitcoin (ABTC), created by two of Trump’s mentally challenged spawn.
This morning marks another record high for the portfolio, I’m pleased to say. I’ve taken profits on absolutely nothing, and, importantly, Bitcoin just gave the signal I’ve been stating clearly we all wanted to see: a minor trendline, signaling the commencement of an analog.
Another crypto equity getting zapped: in this case, Circle (CRCL) which is worth one-third its peak, even though it presently is more than double its low price.
I am bearish on Bitcoin (obviously) but have been wondering when the big break is going to come. I think I may have stumbled upon a clue, by way of this layered chart.
