BitCoin Crash

COMMENT: Mr. Armstrong; I am very impressed. Socrates called the high in BitCoin and Thursday it wrote: “As of the close of Thu. Dec. 21, 2017: Our immediate trend model is bearish as are our momentum models so we should still expect a retest of support. Projected technical Resistance stands tomorrow at 1626085, 1626085, 1626085 and 1626085. Opening above this area will cause it to become support. ”

Even Socrates could correctly forecast this crash. Absolutely impressive!

PJK

REPLY: Yes. It caught the high rather nicely. Even the Global Market Watch calling for a temp high on the monthly level. This is monitoring thousands of markets. There is absolutely no human being who can do this and it would take an army of analysts just to write so many reports.

Latest Posts

Market Talk – December 20, 2024

Merry Christmas and Happy New Year! Market Talk will be postponed until we embark on the new year. ASIA: The major Asian stock markets had a negative day today: • [...]
Read more

Newsom Declares State of Emergency

Gavin Newsom has declared a state of emergency over the bird flu. Of the 34 reported cases, 33 were working directly in farms. There is no grave danger to the [...]
Read more