Wanna bet?

As we speak the mighty bit-corn is going down like a Thai hooker. (quickly but without much enthusiasm)

Luckily we sit safely in cash awaiting a nice dip buying opportunity.

The whole world thinks we plummet from here.

I don’t think markets work like that.

It’s never so easy and obvious. At least not in my experience.

Investing is an wicked-hard cunt of a game and makes an fool of you at every opportunity.

Anytime you see some super obvious thing your spidey sense should be tingling.

If it's so damn obvious then everyone who was considering shorting will probably short here.

And if shorting doesn’t work all those dumb motherfuckers are gonna get stuck the wrong way.

And that's how you get short squeezes.

Let’s zoom in on the 5 minute chart and you can see just how devastatingly fast the drop is

This is NOT organic selling where people gradually get scared and form a mob of frantic sellers.

This is one big asshole taking a dump on the tape. Hoping it will scare the children and he can buy it back cheaper.

Smells like bool-sheet to me.

And the futures funding rate is predicting a price rise not a drop.

It’s fake. Calling it.

Let's circle back tomorrow and see how I did

Scott