Bear Market Rally Crypto Style

Mike “Mish” Shedlock's Sitka Pacific Capital Management,Llc

From December 16 through December 23, cryptos staged a big rally. It didn't continue.

Two days ago Joseph Lubin, Ethereum Co-Founder called the bottom. More accurately he believes the bottom is in.

Most cryptos are above recent lows, but this rally has been sinking fast.

Ethereum 2018-12-27

Mish "There is no reason to believe cryptocurrencies will ever be embraced or widely used, and many reasons to believe they won't." And if they aren't, they will trend towards zero over time.

Author

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

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