Trend Thursday - Bitcoin Last Chance To Get Out
Updated
Trend Thursday:
- Bitcoin made a lower high and is making a lower low on the Trade time-frame (3 weeks), with a volatile and accelerating selloff.
- Key actors in the crypto space are running for the exits after SEC warns that Bitcoin is "highly speculative" with "potential for fraud".
- Elon Musk calls DOGE a "hustle" on the much anticipated Saturday Night Live hosting.
- Vitalik Buterin sells his altcoins.
- Tesla announces no longer accepting Bitcoin.
- Goldman Sachs MD quits his prestigious position after making a "fortune" on DOGE.
- Broader market shaking in the face of poor economic data.
- Tether audit this month, and I expect that there will be more diligence this time around due to the current economic situation.
I speculate that this is quite literally the last chance to exit this bubble top.
GLHF
- DPT
- Bitcoin made a lower high and is making a lower low on the Trade time-frame (3 weeks), with a volatile and accelerating selloff.
- Key actors in the crypto space are running for the exits after SEC warns that Bitcoin is "highly speculative" with "potential for fraud".
- Elon Musk calls DOGE a "hustle" on the much anticipated Saturday Night Live hosting.
- Vitalik Buterin sells his altcoins.
- Tesla announces no longer accepting Bitcoin.
- Goldman Sachs MD quits his prestigious position after making a "fortune" on DOGE.
- Broader market shaking in the face of poor economic data.
- Tether audit this month, and I expect that there will be more diligence this time around due to the current economic situation.
I speculate that this is quite literally the last chance to exit this bubble top.
GLHF
- DPT
Trade active
Speculating that the margin calls in stocks going out tomorrow has fund managers liquidating their coins to cover their margins... I have a feeling that the liquidations are going to begin.Trade active
Bitcoin assessment was correct as Tesla and Square exit the marketTrade active
China bans financial institutions from crypto business:reuters.com/article/crypto-currency-china/update-1-china-bans-financial-payment-institutions-from-cryptocurrency-business-idUSL2N2N510T
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