Let’s zoom in on the shorts.  Down 5% in 10 minutes.

We broke short term down trend.  Still have to deal with long term down trend.  And coming to close of US tax season. And Bitcoin is awesome.

I like the version on my phone

Feels good to be all in on the candle.

Fuck you shorts that’s my buy stop (and plenty of others).

What could go wrong ?  Pigs gonna squeal

I’m away from my computer right now so I can’t quite tell but on my phone it looks like we just touched the electric fence. If we can break 7,000 today then we should get some mechanical buying.

I was in the mining industry long enough to know that the name “rare earths” was marketing genius.  There’s nothing so common as rare earths. 

Apparently the secret is to prognosticate loud and proud but in such a vague way that no one knows what you mean.  Post a chart with no lines on it and say “this is classic TA” and then go silent. Even better, tell people about your predictions after they happen.

Switching to BFX as that seems to have price leadership.  Bitstamp broke over the line (barely) but not much happened.  BFX balked before the line. 

A historic IRS audit would be a good start.  Might be enough for an international warrant.

Hey badger, no pressure eh? A short squeeze to $24k would be fun. 

Post updated above.

Yes longs / shorts = ratio.

Long/shorts ratio remains extremely bearish and continuing to decline.  



Shorts at ATH (potentially explosively so).  Shorting is a very crowded trade right now and potential for a long whale to exploit the crowd sentiment.

We are in a squeezing wedge and the price is either going to explode up or down quite soon (next 48 hours), in the context of an overall downtrend.  So call it balanced with a lean to bearish.  $6984 (Bitstamp) is about right for the top at this time assuming we go down.

On a slightly longer time frame (weeks) we are in an overall strong downtrend.  Strong bearish.  This will be weakened but still a barrier if we explode upwards in the next 48 hours.

On a medium time frame this year is looking promising.  Lots of good stuff going on.  Promise of significant technical developments this year and ongoing institutional investor adoption.  Bullish.  

On a long term time frame (5+ years), Bitcoin is going to transform money.  Insanely madly moon bullish.  

Cracks appearing at $6850