This might be the bottom


June 13, 2018
You can discover what your enemy fears most by observing the means he uses to frighten you.
-Eric Hoffer

CoinSheet #206

COIN BULLETIN

I'll make this quick so we can get to markets

The Coinbase Index Fund is now open (accredited investors only, and you need a minimum of $250,000 to invest. Cool, I guess).

What else...ummm

Justin Sun, (founder of  Tron), has reportedly taken over Bittorrent Inc (yup, this isn't the Onion).

What else is going on...

  1. Nothing super interesting is going on.
THINGS I LIKE

What I really like is

Going to sleep without worrying about the markets.
MARKET SENTIMENT

Top 5 Winners

Top 5 Losers

Everyone is getting butchered out there...but for how much longer?

Technicals

Bitcoin

This is what you would call "the last stand."

Remember how we waited for the RSI to close below 30 on the daily candles, and it didn't...

This time it actually did.
Now let's look at some volume.

What you're going to see is volume divergence (on multiple time frames).

So we're either bottoming out, or bitcoin is dead.

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