mortonpeak

BTC liquidation, prepare for crash

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COINBASE:BTCUSD   Bitcoin
at the same price two weeks ago, BTC crashed 6% less hard than it is crashing right now. (See angle of decline)

To put it differently, given the same price we had last month before the big slump, it is crashing 6% faster right now. There are active agents making a tactical dump, and others are following suit. We'll be back to this price again, but in a few weeks. Best to liquidate now, then gather cheap BTC in a few days.

We have shed 18%+ in two days' time, and we are still plunging. I am calling it a crash -- or what I like to call, a crash cristmas.

Keep your cash on hand for a big buy coming up. Yahoo!

This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. You will understand this comment as purely speculative, is done without compensation by you, and bears no accountability for the success of your investment actions.

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