BRRD

BRRD Updated 

In my previous idea (25 September) I explained the mounting pressure on earlier buyers to take profit now, at a time when there is no longer any question about whether or not we are in a bubble, the only question is: How far in? From that idea I took a small short and covered it at a loss for 0.25% of account (1 x 400th of my trading account). But the long term...

BRRD Updated 

Zooming out (3-day/weekly) on the charts of some of the major exchanges today shows flattening / decline in volume, particularly with respect to the prior two major legs up in price (end-March to end-May; mid-July to end-August) – while the price is going up the volume is changing direction. Note: for this analysis I can't take seriously the charts from either new...

BRRD Updated 

Cryptocurrencies in general have started a large corrective move. Bitcoin leads the way with a major weekly red candle forming following eight weeks of green (historically the maximum Bitcoin has achieved on a bull run extending past previous all time high). It is clear to anyone watching the charts that Ethereum is correlating with Bitcoin on major moves,...

BRRD Updated 

I believe Bitcoin is between 20% and 40% into the 2017 bull run. I refer readers to my first idea on the subject, Bitcoin Reality - It is important to note the following: 1. Always use a logarithmic chart for Bitcoin. If there is any phenomenon that should be charted log instead of linear, it is Bitcoin! 2. Compare the long term log chart movements from...

BRRD Updated 

I believe 99% of chartists here are not seeing the bigger picture for Bitcoin. Most are focusing on traditional indicators to try to guess relatively short-term moves (<10 weeks). Time and time again these chartists are being blindsided by Bitcoin as it makes its moves faster than predicted, as do other cryptocurrencies. A handful are trying to project Bitcoin's...