McCullough: The Math Behind Bitcoin’s Precipitous Drop

From youtube.com/hedgeye

In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough answers a subscriber question regarding Elon Musk’s recent tweets and the drop in Bitcoin’s price. “How many people trading Bitcoin knew that the Volume was up +158% day-over-day. So we had a Volume Spike on a Trend breakdown. That's called a Similar Set; Volume spikes when you break Trend,” explains McCullough, as he highlights whether Bitcoin is bullish or bearish over his Trade/Trend/Trial durations and how he’d trade the current setup.