Spirit of Crypto
Published in

Spirit of Crypto

This is an email from Where Spirituality meets Technology, a newsletter by Spirit of Crypto.

Is Bitcoin Breaking Bad?

Something’s cooking in the crypto meth lab

Bryan Cranston as Walter White in Breaking Bad, Courtesy Vince Gilligan and Netflix

The following is a market screen shot from yesterday September 13th, just after opening.

Bitcoin ramps up and hit its head at $47.000,- within minutes, to immediately bungy-jump back to $44.000,-. Three thousand bucks in minutes. A buckle up moment.

All I can do is staring at a red and green candle XXL inside what’s supposed to look like a bear flag, descending triangle, or in Netflix language;

Bitcoin Breaking Bad

While everything seemed to go so well before September 7th. Bitcoin’s price felt like accelerating towards 60k.

Than, within minutes, 4.16 PM local time, Bitcoin breaks $44.000,- and falls towards $43.400, Confirming my thesis and breaking out of the descending triangle, rampaging towards $42.770. The low of September 7th.

Finally, the price stabilizes around $44.000. Time for a cup of tea. Pfff.

The question remains, is Bitcoin breaking bad and will hit the low 40ies again or lower?, and more importantly, why?

It’s time to zoom out and to look what happened the last weeks in Cryptoland and find some answers.

What shady stuff is going down in the Crypto meth lab?>>>

Thank you for reading Spirit of Crypto

--

--

--

Where Technology Meets Spirituality

Recommended from Medium

4ART COIN is coming to CRYPSHARK and BITRUE for Staking and Listing!!!

Investing in OMNI — A Decentralised Social Network

Gold vs. Bitcoin

October 2018 Newsletter

ICO Funds and Trends Analysis 2018

Wing 2022 March Monthly Report

Musk speaks for Dogecoin [DOGE] again, but is that enough for push to 10 cents

A Programmers Climb Out Of Hell

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Lucien Lecarme

Lucien Lecarme

Inspirational medicine for living a more meaningful life in the age of disruption. Crypto Educator. Receive my free truth bombs: lucienlecarme.substack.com

More from Medium

Trezor vs. Ledger — Which Is the Best Hardware Wallet To Use With Bitcoin?

If I’m Wrong About Bitcoin, Could You Let Me Know?

Want to Get Ahead With Crypto? Seek Knowledge Not Expertise

5 Reasons Why Bitcoin Will Defeat Banking