BTCK8 – May Bitcoin Futures (Last: 8365)

A chatroom subscriber that goes by LukeDog requested a chart on Bitcoin. Any investment instrument capable of moving up or down 50-100% in such a short period of time is what I consider a psycho trade. That is- you’d have to be psychotic to want to trade this. With only 6 months of history I don’t see anything other than 4455 d target pain in Bitcoin’s future. If bitcoin can muster up the strength to take out the 12,075 C that would certainly change my outlook.