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The past seven trading days have been absolutely historic. Never in our lifetimes, or the lifetimes of our parents, has anything like this happened before. It’s honestly incredible.
Yes, there are reasons the markets should rally, and perhaps do so immediately. But……….and this is a big but………..in my opinion (which has been pretty damned priceless lately), if for some reason Ethereum breaks $1,000 or Bitcoin breaks $20,000, I think you’re going to see a total washout across the asset spectrum.
Greetings from my family room sofa. I’m being quite the pest, aren’t I? But these markets are very exciting recently. I want you to take careful note of the hammer bars being formed in crypto at this very moment:
People have the nerve to act surprised. I said for eons that once support was breached, it was bye-bye, crypto. Oh, well. I guess that’s the price I pay for having a tiny audience. If only I was a screeching simpleton like Cramer and had a worldview following, maybe it would be different.
In any case, Earth has finally caught on, and #Cryptocrash is one of the to trending topics on Twitter. Truly.