Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

It’s a tough day to be trading crypto, it seems, with at least one Bitcoin trader comparing the $185 billion cryptocurrency’s price charts to a “penny stock.”

Garbage trading right now. Scalped a few profitable trades but it’s mostly just whales pumping and dumping.

Neutral for now, but death cross on 4 hour looming.

Order books are thin and this action makes #bitcoin look like a penny stock.

Bullish above $11k, Bearish below $9800 pic.twitter.com/BqYVl0qB7v

— Jacob Canfield (@JacobCanfield) July 19, 2019

Bitcoin: History’s Best Penny Stock?

Saying the four-hour charts were looking grim for cryptocurrency, Jacob Canfield complained that he couldn’t seem to make out this morning.

Responses were to his tweet were mixed.

I am with you.. choppy as shit right now

— Easy as 1,1,2,3 (@FiboSwanny) July 19, 2019

At least one other trader thought there might be a silver lining:

The battleground is the 45m timeframe, below 45 all golden crosses above 45min death crosses, the 45-minute…