This is the dumbest fucking society in human history, without any possible comparison.
Bitcasino is down -30% in three days. I will go out on a limb and say that there will never be 20x leveraged CME futures on this piece of man-boy fabricated ponzi bullshit, don't ask me why.
No fear, bulltards are defending the 50 day moving average, but when that breaks someone is going to shit a brick.
Zerohedge just got Gartman'd by their own alt-bullshit. Rightly so...
Daily: Bulls will take a stand here at the 50 day, but I'm guessing it won't last. Just a hunch...
Weekly: Any questions?
A month of gains gone in 3 days. First support here at the 50 day. After that, $5k, then $3k, erasing the entire melt-up:
Herein lies the problem:
"Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe - the metaphorical Japanese housewife investor - South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency"
Do you ever get the sense that this final melt-up was just all about the election?
Leading sector in the U.S.:
Leading S&P 500 stock, had "stellar" sell-the-news key reversal on Friday. Bitcoin mining stock, Nvidia:
Speaking of Black Friday:
"It’s the world’s biggest shopping day ever"
CNBC:
The final total — more than the GDP of Iceland or Cameroon
"This is a big event for China, for the Chinese economy...On Singles Day, shopping is a sport, it's entertainment."
The excitement around the shopping blitz, however, masks the challenges facing China's online retailers such as Alibaba and JD.com Inc, which are having to spend more to compete for shoppers in a broader economy where growth is slowing."
