Very bullish. On the four hour chart we are consolidating just over the wall on the edge of no mans land. 

Short / long ratio is very low but not record lows

Dont worry about him Mic keep sharing your photos.  He is just a grumpy old man. 

The high volume candle was just a short squeeze or stop hunt on BFX.  But if you trade on BFX, you know it is more volatile.  That's why you put limit orders on BFX and save your stops for Bitstamp.

Hey now.  I like steak, wine and women

Not sure the scale on the chart but the shorts are expecting the bulls to fail at the wall. 

I'm on the edge of my seat here and you mofos are all asleep

Edit:  update.  The bulls rally for another surge at The Wall.  

Our highs are clearly progressively lower.  You could call it a descending wedge (and yes, we will eventually break upwards, but how long from now).  

What would you call it?  

Interesting battle about to happen.  On the one hand we have the price touching the downtrend line and falling back.  On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend.  

Which will prevail?  I think the downtrend will prevail but it is not clear cut.  If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken.  



However, breaking the downtrend brings us closer to a golden cross on the 30 week MA.  Which would be an auspicious event and could signal the end of 2018 bear market.  



Except we had a golden cross in June 2014 which led to nothing.  It took two more golden crosses in 2015 for us to finally stabilise and start the climb out.  



So following the 2014 pattern, I remain bearish but not without hope if we can break the down trend line in the next 4 days.

I like Christmas cards

At this point you have to ask yourself whether this is just another elaborate ruse

Glad you had a good night Mic.  I am only slightly sore today.


Appreciate the kind thoughts but not really necessary. 

Have read One Day in the Life of Ivan Denisovich. Ha pycckom. Sadly my language skills have rusted in the interim. 

wife: [watching the news] some idiot tried to fight a squid at the aquarium

me: [covered in ink] maybe the squid was being a dick

Crypmike - do you have any from 2009 to present?

Does anyone have a chart of inflation rate v price ?

That is a scientific fact.

Haha relax brother.  In 5 years Bitcoin will blow your mind. Until then, eat, drink, shag and watch footy. Good things come to those who hodl.