Swing Trading Today | Bitcoin Bubble Or Manipulation?
When Bitcoin was above $20,000 the financial news media couldn’t be more bullish on cryptocurrencies. Fast forward one year later as the price of Bitcoin breaks key technical support the ECB and the financial news media are just now talking about a bubble and a crisis. It looks as though Wall Street’s techniques of manipulating the stock market have now finally caught up to cryptocurrencies. Well it’s about time! Now that the big banks are building out their cryptocurrency departments you can bet that until they are net long of your favorite coin and you will have bearish news. Then one day once they are all net long and the crypto coin prices have move off of their lows and general public has been wiped out they will begin their pump of the coins. Until then their bear operations are in full effect with the help of the government and the financial media.
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