Munched !

Earwig. Low.

We're back to the 5185 wall of yesterday. Looks like it's melting up this time - 400 coins eaten out of it already and we only arrived 2 minutes ago.

Huge volume candle. Strap in.

Time for a bit of "Wall Observing".

Bitconifer pushing the tops of candles.

Can't get to 6k fast enough.

Armstrong on Bitcoin:

https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-v-gold/

400k Bitconifer incoming.

https://www.ccn.com/bitcoin-price-pounds-into-bull-market-could-surge-to-400000-analyst

Wonder who was buying TUBE the last few days...

CBOE dropping bitcoin futures. Is that bullish or bearish ?

https://cointelegraph.com/news/cboe-will-not-list-bitcoin-futures-in-march-cites-need-to-asses-crypto-derivatives

Hopefully.

Someone just gave Bitconifer some shock therapy and got its pulse going again.

Here's what that dump looks like 3 minutes later !  

Jittery traders. Don't want to be stuck long in a dump and don't want to be left out of a pump.

There was another one of those attempts to stop everybody out, but it was a bit lame this time. Already recovering and heading up again.



Bear trap and bull trap in quick succession.

For a good reason. If it weren't for altcoins, bitcoin would not be able to achieve the growth it does - nor sustain it. If you monitor dominance correlation with marketcap you'll see that the the buttressing of the entire crypto market feeds into bitcoin's long term growth. So it's a symbiotic relationship, not a parasitical one.

Where do you think PC's would be today if nobody had ever entered the computing sector other than IBM ? You'd still be typing machine code into a teletype terminal. If you were lucky you might have advanced to a wooden cased mouse.

Sh*coins are the bow wave of this market even though bitcoin may be the ballast. (They're also a far faster way to earn bitcoin than buying bitcoin )

That demonstrates that Bitcoin is not digital cash for the masses but hodling capital for the Swiss-bank account elite.

Bitconifer now close to making a higher high on the longer range charts. Higher low is already in.

$4239 + 70 cents required (on Bitstamp which is the only authoritative price on the planet).

There may be a delay while we wait for a little handle to get painted on the end of that 2-month cup.

That's practically the bottom given that the top was $19,500. So you sold at the bottom and bought at the bottom ? Nice !  

Just about everybody sold something "at the top" and bought something "a the bottom".

The question is, did you sell your entire stash and re-buy it at the bottom ? That would be the measure of "faith in TA"  

.....munched.

National debts do not need to be "paid back". They just get re-denominated. There is not going to be any big "reset" other than a bunch of decimal places and then life will go on as normal.

Well, FOOD - BOOZ - FOOTBAL are good, but sh*tcoins are the spice of life and the only way to way to make more bitcoin unfortunately since it isn't 2010 anymore. So better take note of what's FOOD in and what's CRUDE in sh*coinland cos otherwise what could'av been your lunch is gonna get eaten by someone else.