It turns out that “Diamond Hands” and “HODL” are not real strategies.
This weekend’s action only just reinforces the hot mess this asset class finds itself in.
And it’s not just Bitcoin and Ethereum.
Downside participation is really beginning to ramp up under the surface.
Many of these tight ranges we’ve been discussing these last few weeks seriously broke down this weekend.
Behind the scenes, the weight of the evidence is shifting more and more to the bear camp.