Bitcoin
Short
Updated

Bitcoin -- Another Pump & Dump may be underway.

Another pump and dump may be underway.

This is just an interesting way to look at BTC. Enjoy.
Note
Well, look at what happened:

snapshot
Note
BTC must break previous high, if we go lower from 8400 now (which I think will happen), then we have created a higher low, and it will still be bearish.

If we have another drop, I do think this will be the worst one yet, taking us well below $6000. I could be wrong though because lot of wise guys are predicting about $15,000 by October.

The thing is, Vegas has prop bets for Bitcoin now, and based on the payout odds, 5-10k is where they think BTC will be at by EOY.

Enjoy my thoughts to anyone still looking at this.

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