ok now it's safe to say we have entered a bubble. I expect a top before new years, likely between Xmas and NYE.
the 2013 bubbles give us two telling indicators of a weekly top:
1) weekly bband starts to curl as it did before the tops in the 2013 bubbles
2) weekly bband width ~4.00
gotta love bitcoin.
Coinbase is adding 100k users per day.
New buyers will enter before the fork to get 2x coins and avoid the burden of deciding which coin to hold.
These new prefork buyers are guaranteed to hold through the fork (~Nov 16) come what may.
Friday, Nov 10 is a bank holiday.
Bitcoin dumps love long weekends. 3 days during which bank deposits cannot come through to...
Next hard fork (Metropolis) is scheduled for ~4.3 millionth block (~september 22). Past HFs show a run up of varying magnitude into the HF event, followed by an immediate decline in price. Short term long followed by a great short opportunity.
Historically, the basis bband on the weekly interval has been the deciding threshold for major trend reversals.
A cross upward in August 2013 signaled the beginning of the late 2013 bubble.
A cross downward in February 2014 marked a denial of continuation in the uptrend, confirming the 2014-2015 bear market.
A cross upward in June 2015 signaled a the end of...
Over the years we've seen consumer adoption of breakthrough technology spur huge economic growth. We saw it with the radio (~1920), the TV (~1948), and the PC (~1982).
If you go to Silicon Valley today, you will see people paying for coffee in Bitcoin, cars driving themselves, VR becoming common at home. You'll hear talk of CRISPR, and how it can be used to...