My long-held bearish views on crypto are well documented. It simply looks better all the time.

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My long-held bearish views on crypto are well documented. It simply looks better all the time.

I solved a mystery this morning, and I wanted to share my deduction with you.
This has to do specifically with my own SlopeCharts platform, the tastytrade platform, and the symbol BITI. Here is what BITI looks like on tastytrade:

In this Everything Bubble nightmare we’ve been living through since March 9, 2009, assets continue to vault to lifetime highs each and every day with one notable exception: crypto.
At long last, the crypto creeps have been shamed into oblivion, and while most of these “coins” are ultimately heading for $0, there’s already been substantial progress in that direction with even the bluest of the blue chips, Bitcoin, losing well more than half of its value in a matter of months.

In recent days, Bitcoin has been trying to rally and undo some of the 50%+ damage it has suffered since October. It seems that its last gasp of an effort was yesterday.
