All sigs are banned in this thread. Please keep it that way. 

Because it’s February 2015 in the Bitcoin price cycle you big goose.  That’s like saying transactions are lower than 2017.  Well duh.

Come back in February 2020 and measure against February 2016.  

And yes we are way ahead of February 2015 - thanks for asking.

I was fired up about it.  But as you will have seen from my posts I turned bearish.  It is just grinding itself into oblivion at the moment.

well maybe not gals we don’t have any of those except the ones we rent by the hour

Except on Mex even a tiny order can have massive slippage.

Which I think shows their books are cooked.  

Stop losses have their place on a proper exchange.  You need tools to take you out of a position if the market turns.

Not spread, slippage.  As in you place a market stop loss at $3650 and it executes a market sell at $3570.  

Bitcoin still doing at least twice that on Mex.  But Mex volume is fake as fuck.  I have never had $70 slippage on another exchange, I don’t care how big the move. The slippage on Mex is just outrageous. It’s liquidity is worse than HitBTC. 

Someone is short. 

CBOE newsletter says Cryptowinter may be Thawing

Here is the "death cross" they are talking about.



And here is that same cross back in 2015



As you can see, the cross happened after the bottom (shown in the pink circle).  This chart is part of the reason that I made my bet with V8 that the bottom was in.  

Oh Em Eff Geee

Audible Snorting Sound

Hey man.  It looks like we just made a higher low @ $3714.  Bullish if that holds.  

I got your back man.  Go to bed. 

An alternative interpretation. Hopefully self-explanatory.

Detail



Zoomed out

Merited your TA as well.  Nicely thought out.    

I was overly hasty redrawing the bear line to the tip of the $6k dropoff.  Looks like the prior bear line is alive and well. We just touched it at $4190 before breaking down again.



So the price prediction - anywhere between $3350 and $4150.  Take your pick.  We are bound between the orange bear line and MA200 Weekly

No need to rush.  Consolidation here for a week would be great.

4hr chart - Grim

Meanwhile on the four hour chart we have:

30 x 4hr Moving Average on Top (Green)
50 x 4hr Moving Average Below (Yellow)
100 x 4hr Moving Average Below (Orange)
200 x 4hr Moving Average at Bottom (Red)

This is a full flight bull formation.  Beautiful to see.  It hasn't looked this good since mid 2018.  Looking forward to the daily chart looking like this. 



Oh yea, we are at $4,175 now.  

I want to repost the CME chart because I don't think people are realising the significance of it.

Typically the bottom is drawn as a giant capitulation candle with huge volume.  This is the bottom for 2015.  



We hit absolute bottom on a massive capitulation candle in January 2015.  We then broke upwards through the bear line in late June 2015.

What I have been waiting for, and presumably V8 is still waiting for, is a massive volume candle.  But there is a huge candle out there, just not where you would normally look.  There is an enormous volume candle on CME.  Wall Street has painted an enormous flag on Bitcoin, and that flag says "the bottom is here".  Wall Street thinks the bottom is in.  



I am still wrestling with the implications of that.  But we may look back on this five or ten years later and say "that was how we knew that the bottom of the market was in for the 2018/2019 crypto winter".