#Bitcoin Update
The #Bitcoin maximalists, as always, are in max greed and euphoria mode after BTC briefly touched $50,000 amid the recent Tether money printing spree.
Moves like this are designed for insiders to trap in bulls. Retail is heavily loading into BTC now, thinking it will go higher, then the prices will rug below them, as always.
I’ve increased my short position sizes substantially this week, even higher than our previous “infamous” short at 69K. We believe this run up will soon mark the top of the echo bubble run, which we predicted at $16K.
Best of luck to the Bulls! Lots of excitement and talk from them in recent days after a 3% move today, which is great. I unfortunately haven’t read all of it, since I’m on vacation, but we missed them! Sadly the crickets will return shortly when prices soon nosedive.
