I thought that head and shoulder patterns were topping patterns, with the chart lower on both sides, rising into left shoulder at the beginning, and falling back down from the right shoulder at the...
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I thought that head and shoulder patterns were topping patterns, with the chart lower on both sides, rising into left shoulder at the beginning, and falling back down from the right shoulder at the...
I have written on how the bitcoin options trade is a non-event for the price of the crypto because it settles in cash.
If this weeks bitcoin trading is to dress the books ... then when is the show over and the hedgies get to return to their dressing room and remove their costumes?
When can the hedgies move money...
If Thursday 's trading in bitcoin did not prove my therum that hedge funds are piling into the crypto to "dress their books" nothing will. Look at the volatility
I've written much this week on bitcoin on my blog and the price movements. But today's entry suggests while the bank CEOs do protest too much, the traders on the currency desks are all in and then...
My post on Friday about the curious price swings in bitcoin from Asian trading moving to the west
In the short term I believe the $3,000 run up this year in bitcoin pricing has more to do with traders and investors (including the Chinese government) looking for a hedge against the weaker US...
I'm not saying I know anything. But bitcoin is up $700 since I posted my blog. As I said just below $3,ooo was going to shake out all the newbie investors and build a floor.
Since there is no Plunge Protection Team for bitcoin, who will catch the falling knife after 40% price drop in September. My take.
Here's my take on Maduro's move to nix the petro-dollar and where it might lead.
It's his second run at bitcoin. In 2015 he trashed it as well.
He does not speak off the cuff, so his take on it is well thought out. His agenda is the question, since he is a big believer in the...
Here's my take on JPMorgan chief Jamie Dimon trash talking bitcoin again.
Actually it's Big Sister, Tru. Ex-JPMorgan head of the silver manipulation Blythe Masters is heading up the block chain initiative for the banks.
It's not bitcoin, but the underlying technology...
Any crypto has no intrinsic value until you convert it into the debt-based currency of choice.
To that end there is very little room for arbitrage since BTC traded in yen holds a similar value in...
Yes I have written about all these being the reason behind it rising, but on a day-to-day basis and the moves today (Monday) there is no economic or financial reason for it to jump today. That's what...
Well Paul you prodded me into writing today on BTC and how price discovery is a myth.
The price went up $70 while I was writing the post. Why? No one knows.
Well put, Paul.
What I see with BTC is replacing a fiat currency, which (at this point) still has the full-faith of the US, with a fiat currency based on nothing more than code and hype.
Why...