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investigator

Next stop. The moon? Or, do we go to Mars? It might be a bumpy ride. Let's see how this holds up for the week. The follow through stroke is young but definite. This is a major milestone breakout. Despite industry wide exchange problems with banking arrangements. Investors pay no attention to the problems and crawl all over each other to buy expensive...

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Bitfinex laid an egg. Of course, Wells Fargo Bank did all the heavy breathing. And, then the price explodes to an all time high. But... it's not real. In fact, it's price discovery chaos all over bitcoin world. Let's dig a little deeper. I have been reporting for months and months that there is a war going on between the PBoC and the Chinese bitcoin...

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This has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That...

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In the event you are unaware: www.theverge.com How much havoc can a pair of twins create in their lifetime? First they unleashed Zuckerberg on the world, got pissy about it, and now this. Then there is the SEC trying to protect us from ourselves. What right do they have to even pass judgement? The answers lay somewhere in the "Panic Zone". (channelling Rod...

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New all time highs and gold parity. I want to give my hottie a new BTC chain necklace so I went to the local artisan. They said wat? The best that I could do was pay for a new gold chain in BTC. So is BTC as good as gold? I wanted to get this latest version of the weekly chart out on display to make some comments. There is no evidence to suggest this...

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Read along while humming ZZ Top. This leg is formed much better than the blow off top leg 2 months ago. The only problem is volume is diminishing and that usually is a sign of the end. There are some contradictory indicators. MACD and RSI are showing this rally to has a little more room to grow. The angle of this leg is unsustainable and the price has...

investigator

The Chinese Yuan devaluation is now complete. The Chinese banksters realize the insiders can move money in and out of Bitcoin as a value store. A fake investigation of Chinese based Bitcoin exchanges covers the insiders asses while preserving this avenue for their future devaluation shenanigans. The result: No more margin trading (unless you use some other...

investigator

In the words of Alan Greenspan, you know the rumpled old geezer that speaks in rhymes, said something about irrational exuberance in the markets, I will invoke those same words. BEWARE OF IRRATIONAL EXUBERANCE in the bitcoin market. What's causing this straight up spike in price? The China devaluation of the Yuan, the India currency confiscation, and here's a...

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This 8 week arm of the 1.5 year BTC rally is about to subside. First a little history. The Chinese investors (not the government) are in control of BTC value. The Chinese banksters are actively devaluing the Yuan. This is round two of major devaluation moves and it is nearing completion. As it completes the Chinese investors will start taking down their...

investigator

Go back and read my previous published idea. I pointed out there is a huge difference between the Chinese Yuan/BTC chart and the BTCUSD chart. I thought I should show you the difference and speculate where this will end. First the previous devaluation the volume was very small relative to what's going on this time around. That's because the Chinese insiders...

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Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is...

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The folks at Tradingview recommended using a catchy title. If the end of the world doesn't catch your attention then probably nothing will. This end of the world is probably not as endy as, say, Y2K where the only safe place to be was on top of the active volcano Mt. Shasta. It's just the end of the road for Deutsche Bank and the current basket of currencies...

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Plenty of trend line support has taken hold. A big cat moved in on Bitfinex today and pounced on some cheap coin. This is the first positive movement since the hack. It all started when Bitfinex turned on the green light to use BFX tokens as collateral for margin trades. Both BFX value went up as BTC got a boost. The time line is heading for a nodal point...

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Is it exchange roulette time? I invite comments. The weekly chart indicates the Bitfinex hack is a non-event although trading only resumed today. The pullback looks normal and above secondary support at the red hash line with relatively low volume. When compared to other exchanges the arbitration players are having a field day as much coinage is moving to...

investigator

In the event you were infatuated by BREXIT the big news was the opportunistic Chinese took the opportunity to devalue the Yuan on the same day. Under intense journalistic distraction, no one accused the Chinese of currency manipulation. This event makes it extremely clear that BTC can be used to foretell big FOREX moves. It foretold the giant Rand devaluation...

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China-the Yuan escape hatch, BRexit, or I call it BRodzilla, technical problems at Bitfinex - conspiracy or not, the Black Swans are landing and the panic is rising. Panic is good. There is money to be made in panic. What motivated me to comment this time was not the chart activity. Plenty of it. It was what one state government Bureauhack said about BTC. ...

investigator

www.zerohedge.com More evidence of China having a currency crisis that has yet to be reported in the main stream news outlets. This surge is a Black Swan event. US buyers have taken notice and volume is increasing on the BTCUSD side (circled). But, nowhere close to the volume seen at the launch of the current November rally (blue arrow). In my last...

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There is nothing but weakness indicated on all charts. This breakdown occurred on the daily chart a couple of weeks ago and has now affected the weekly chart. I don't provide free commentary about the daily chart activity. There is some support at $430 but for the most part a retrace to the $338 line is highly probable. The reason is purely technical. ...