Mat, can you just admit that you don't actually do TA and you only write propaganda to try and fit your position? lol
Every single post is like "well, I want to take out a long but the market refuses to crash, it should therefore crash sometime". Then there's 10 of those posts in a row while it just goes up the entire time instead.
This rise looks like piss. That is why I never joined it yesterday when I seen all the MAs were pointing up in unison. That is my analysis. If 'they' end up pumping it and I aint on the train, then so be it....
....fwiw, my last Bitcoin trade was a long....the one I backed out of way too early, taking around 25% of the potential profits that would have been on offer so far....I guess I just aint a crypto believer.
P.S. US equities are going down. If the same relationship between equiites and BTC holds, as has held for the past 12 months or so, then save for the odd window of divergence, BTC will also correct. There is of corse no guarantee that this will happen, but the chart I posted above speaks for itself. If equities tank here, and BTC continues on it's merry manufactured pump path, then the relationship which came into being during the summer of 2015, will have been broken......even you will clearly be able to see, that a BTC trader who took his cues from US equities, could have successfully front run BTC for the past 12 months, as equities are changing direction ahead of BTC. This makes sense, as US equities are the multi-billion dollar per day market, and if some participants are feeling rich in this market, then they may be inclined to put a little play money into Bitcoin for some fast gains, if participants in the equities market aren' feeling rich, or are feeling threatened, they will be more likely to pull funds out of the ultra high risk experimental asset, Bitcoin.