Keeping Up With The Cryptoshians

The unraveling continued overnight with the market leader Bitcoin

It still has a fairly solid shelf of support around $6,000. A clean break of that level would, I suspect, freak the HODLrs out, in spite of their moniker.

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As I glance around less “blue chip” crypto charts, I see heads and shoulders everywhere, suggesting much lower prices ahead.

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And another…

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Naturally, during the debacle of 2018, interest and volume have shriveled up. You can see an example of this below, with a crypto that burst to about a quarter BILLION coins traded back in December, whereas these days it’s a million or two per day. A 97.5% price drop can do that.

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In spite of it all, the crypto “industry” keeps touting its wares, which I find hard to believe.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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