Bitcoin Bloodbath

It seems pretty likely that we're going to make new lows; the first indication is that we went sideways for a few days and just today broke below the low of the sideways movement. The next indication is that we're insanely close the the local low and it's pretty certain that it'll be broken.

This bleeding will continue until the SEC approves the CBOE bitcoin ETF. If the SEC denies the proposal...well, we'll be S.O.L. At least for a good while. Now, the odds of it being denied is very low, as indicated by insiders from both the SEC and CBOE.

Have fun and don't get rekt.