When Goldman Sachs calls a Bitcoin breakout you can be sure it is time to sell!
The above two films are the latest from Sunny Decree, a swiss trader I enjoy following on YouTube. Hit the image to get to his channel.
In reality Goldman Sachs distanced themselves from the bullish prediction given in a weekly package sent out to clients, despite the fact the analyst who created the package works for them! They clearly state in this Bloomberg article it is "not an βofficial viewβ of Goldman Sachsβ even though the weekly send-out is designed to highlight market trends to watch out for.
Makes me wonder why people would sign up for a weekly send-out from Goldman Sachs if it is not their official view?
A clever little move to leak news of a breakout while keeping their distance from what they knew was about to happen.
Perfectly on cue Bitcoin falls dramatically, down 15% in the last two days.
I wonder how many people bought Bitcoin based on the news the day before the drop? A great way to break the spirits of any new investors out there!
Sunny Decree is calling out $8000 as a worst case scenario, because as all decent Crypto YouTubers know, you cannot be bullish all the time and you are far more likely to buy respect if you can anticipate the lows as well as the highs.
There is evidently strong resistance at $8000
My personal feeling is the natural flow will see us bounce at our current level.
Only question is... are we watching natural flow or a manipulated price?
Knowing that Goldman Sachs are in on the game and evidently taking advantage of some great short positions during this furious downtrend, it is a bit is hard to know with certainty what Bitcoin will do next.
We can at least console ourselves with the knowledge that market manipulation is expensive and eventually the natural growth will be unstoppable.
