Odd numbered month down, even numbered month up? [...] The month of June was even numbered, but there weren't even a handful of days that could be considered up. Abandon hope all ye who have entered here?
...then the essence of the current post is 'searching for a bottom'. For example:-
- 2018-05-31: Bitcoin finds a bottom after plunging from highs: technician (cnbc.com) • Is a bottom.
That happens to be the first bitcoin article flagged by my Google news service in June. It also happens to be the first of many articles from CNBC flagged in June. Let's look at some of the others.
- 2018-06-04: Google searches for 'bitcoin' nosedive 75% this year (cnbc.com, as are all of the following)
- 2018-06-07: Bitcoin buyers 'beware,' says Jamie Dimon
- 2018-06-11: The big bitcoin investing decision: Coin or futures contract? • A bigger decision is whether or not to buy.
- 2018-06-12: Bitcoin hasn't hit bottom, cryptocurrency trader says • Not a bottom.
- 2018-06-13: Much of bitcoin's 2017 boom was market manipulation, research says • 'By tracking Bitfinex transactions, which are recorded on a public ledger, [University of Texas finance professor John Griffin] found that another cryptocurrency, tether. was used to buy bitcoin after large price falls.'
- 2018-06-19: Bitcoin volatility has plummeted, and that could be signaling a bottom • Might be a bottom.
- 2018-06-20: Bitcoin is 'not for me', Goldman Sachs CEO Lloyd Blankfein says
- 2018-06-20: Why bitcoin made a comeback after hacking: crypto traders • 'South Korean cryptocurrency exchange Bithumb was hacked and $30 million of coins were stolen.'
- 2018-06-22: Bitcoin tumbles after Japan orders exchanges to review practices
- 2018-06-25: Cryptocurrencies could fall because of forced selling of crypto funds
- 2018-06-25: Alibaba’s Jack Ma calls bitcoin a bubble
- 2018-06-29: Bitcoin slumps below $6,000 to November lows
'Is a bottom. Not a bottom. Might be a bottom.' • That last story ('slumps to November lows') says we haven't seen a bottom. Last year the talk was about bubbles; this year it's about bottoms.
