Things are about to get pretty bearish. Do you feel that way?
It was easy to explain away the fall earlier this week by the removal of Korean exchange data from coinmarketcap.com. But if it was that simple, we should be seeing strong recoveries.
Did we though?
BTC is in fact lower now than it was even at the depth of that sell off. What will we explain it with this time?
What does this imply? The market is being shorted.
Let's think twice about buying the dip for the time being. We're going for a pretty big support in BTC, and I'm not confident it will hold this time.
I'm still invested, but I have a good portion of my portfolio taking cover in dollars while the bears trample through the market.
CREAM - Cash Rules Everything Around Me.