Yet crypto is going down even faster. I think one last big manipulation to shake out the weak hands before someone drops 2 trillion into it . .. then tries to withdraw 3 trillion one month later and see if enough suckers have jumped in at the high with what they sold out of the S&P to support the withdrawal. Rinse repeat.
Yep, it is also called December 2018 from what I am hearing. I hear another leg down on crypto before November 27th, then I'm hearing 16K Bitcoin by year's end. Then a drop from 16K to about 8K.
Deal is, when the ETH futures on CBOE come out, they are going to want to run ETH up first then down (that is what they did with BTC Futs last year), So ETH may be the one that catches the breeze first. Buy futs for ETH at 132 USD, then let it go to 600 USD then short the hell out of it, while holding half the ETH you got for 132 as a hedge.
It works until crypto adoption is more widespread. The adoption rate has been intentionally slowed down, every project that connects to SWIFT just languishes past its deadlines and keeps going (they are probably getting paid unimaginable amounts of money to do this)