RE: (VIDEO). Important Updates: China Downgrade, Housing, Stock Market, More! By Gregory Mannarino

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(VIDEO). Important Updates: China Downgrade, Housing, Stock Market, More! By Gregory Mannarino

in money •  8 years ago 

Greg, I still think we are walking into a short correction phase in mid-late June. The near 10% drop that has taken place in the Shanghai index over the last 45 days has sparked a rush into Bitcoin which is quickly becoming a safe-haven. But added to that, this current market condition (with review of the Dow Jones Transport Index) seems to be indicating a sell off coming. It almost appears that this is mirroring the 2015 August crash that took place. I am not suggesting that it will be similar in size or scope, but I think there will be some similarity to 2015.
Time to start hedging. Bitcoin could explode in June to +$3000 USD before a pull back.

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I welcome a pull back but I dont think it will last. I see bitcoin going to 10k this year easily