The Christmas Crypto Crash of 2017

2017/12/28 Update:
After a run to resistance on the daily chart, #Bitcoin (#BTC) has begun to sell off as expected. We now have a head and shoulders top, which points to an extended sell off and a break of support at $12,000 and $10,700.

 

2017/12/24:
Watch out below! Everything will soon be on sale. Raise cash now and get ready to shop at a discount!

Charts are showing a sell-off in Bitcoin. The FUDers will cry foul, but the charts will be the ultimate arbiter of truth.

I’m in cash waiting for the carnage to settle. Buffet says to buy when there’s blood in the streets. Bring it on.

(Disclosure: I own XRP and USD. This is not a recommendation to buy or sell any currency.)