oaksacorn

Bitcoin Learning Curve

Long
BITSTAMP:BTCUSD   Bitcoin
Still have not done 786 back for this 2 wave and it's flirtation with starting the larger 3 of 3. Close, and greater than 618 is still impressive. According to some statistics, HODL 'ing is down and day trading is up. In the HODLR/Short Seller dynamic, short sellers have learned a good lesson. Savy HODLR's are waiting for 786 back. They have also learned that driving pricing down to 786 back only makes the HODLR that much stronger - right now by a factor of 32%. 3 of 3 should be historic for BTC. Giving the HODLR's more amo is a recipe for short selling disaster.

The dominos have started. Turkey is now in officially in the fray. Turkey carries way more systemic risk for the financial system than does Venezuela. It has only just began.
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