Navigating The Coming Crypto Winter
Berlin, Germany – July16, 2017: Golden Bitcoin Coin and mound of gold. Bitcoin cryptocurrency. … [+]
I wrote an article earlier in the week that I had to scrap because it became outdated before I even had a chance to upload it. The article argued that gold is for war, and bitcoin is for flight. The premise was that if Ukraine were to be thrown under the bus, it might prevent bitcoin from crashing. It also included this chart:
The bitcoin chart from earlier this week, with guidelines added
This indicated that a breakout from its recent range – one way or the other – would determine the next big move.
Well, here we are:
The bitcoin chart – it’s crashed!
Now, this could mean that…
