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RE: Bitcoin: Have A Look At This Chart Pattern. By Gregory Mannarino
Looks like a bunch of people are riding 15,000-17,000. Then it swings a little past and reverses. they are making a pile of money. 10 bitcoins making the swing twice a week+ $20,000. 10 shares of XYZ going from 15.00-17.00 makes us poor folk a measly $20.00. After paying for our trade we barely break even. If I had the money for 10 Bitcoin, I would sooner put the money in XYZ. There are going to be a bunch more people loosing their butts and a few making a killing. The way it looks from the saddle on my camel !