Bitcoin hodlers devoured by four-headed hydra pattern


Since Bitcoin is just some made-up scam, it is more than fair to make up important reasons for why it is crashing. The most important of all is my entirely fabricated but disastrous four-headed hydra chart pattern which has so far eaten hodlers alive:

I have to say, that any market chartest looking at that monstrous head-and-shoulders pattern would run screaming off a cliff if BTC breaks the $30k neckline.

More, importantly, here is some actual footage of one unfortunate hodler going down the four-headed hydra hatch. Live from THE INTERNET!


Other newsflow for hodlers of fiction is not too good, either. There’s this:

China announced on Monday that it summoned officials from its biggest banks to a meeting to reiterate a ban on providing cryptocurrency services. It’s the latest sign that China plan to do whatever it takes to close any loopholes left in crypto trading.


Resulting in this:

But hodle on because the fabrication has many fools yet to convert:


But beware the four-headed hydra for it eats hodlers by the billions.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.