McCullough: The Math Behind Bitcoin’s Precipitous Drop

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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.

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“Numbers change every day… most products don’t need words, they need numbers,” explains McCullough as he guides viewers to being numbers-driven, not narratives driven.

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Bitcoin
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