Classical pattern. Short term fundamentals (with regulation risk) pointing to $20k or lower while longer term fundamentals are still >$500k. Lets goooooooooooo.
Beginning to accumulate a short position on this baby. Lets get it. Lots of risk in equities will keep this baby volatile to the downside.
Looks like the Fed is still there.
Correlation to equity markets is almost certain. If US equities begin to break down, watch out below....
Already booked good profits and looking to re-enter for continuation amid more market sell-off.