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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/Tail durations and how he’d trade the current setup.

Want to learn more about how our ‘Crypto Quant’ Bitcoin Trend Tracker quantitatively evaluates Bitcoin, Ethereum, Microstrategy (MSTR), and several other crypto products?

Watch below as Hedgeye CEO Keith McCullough highlights our Bitcoin Trend Tracker product and how to incorporate it into your process when buying and selling cryptocurrencies and crypto ETFs.

“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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McCullough: The Math Behind Bitcoin’s Precipitous Drop - TMS Bitcoin Quant 1.12.2021PB