TallTim📈📉💰 @[email protected]

#Bitcoin #ta Well this is bloody annoying. The indicator sets have flipped back to the Bear side, which means I need to readjust my expectations. If I get chopped in here I might just sit flat for a while waiting for the 200 MA as the "line in the sand" before leaping in. Guess we'll see. Lower target now would be in the 6800 level.

#Bitcoin #ta What do you know, the indicator sets flipped a day early. Daily is now in [Bull] mode which gives us a chance to dig out of this local low. Upper target is now 7700 to start. The past action has been rather unforgiving, so I'm not going to get too excited until we achieve the price target, and then ultimately get over the 200 day moving average. This would also fit in nicely with the Monthly and Weekly to hold the low. Keep watching...

Good breakdown on the #bcash "upgrade" that allowed in its wake a 51% attack by the two top miners to collude and choose which tx's to accept -- https://twitter.com/TheCryptoconomy/status/1131962447823278080
Its what we suspected all along, that #bcash is a centralized forking mess, that allows a few bad actors to enforce their rules on the participants.

I hate linking Twitter, but this is one of the best threads I've seen about monetary bases and how Bitcoin fits into the global monetary system.
https://twitter.com/crypto_voices/status/1131189757554384901
Worth the time to read.

This article is a great writeup about how the core assumptions of #ETH are fundamentally incorrect, compared with uptake by #Bitcoin
https://medium.com/coinmonks/why-ethereum-1-0-failed-and-bitcoin-succeeded-72e9594b9789

#Bitcoin #ta Well this is bloody annoying. The indicator sets have flipped back to the Bear side, which means I need to readjust my expectations. If I get chopped in here I might just sit flat for a while waiting for the 200 MA as the "line in the sand" before leaping in. Guess we'll see. Lower target now would be in the 6800 level.

This is probably one of the more important stories in finance -- https://www.zerohedge.com/markets/its-about-get-very-bad-repo-market-legend-predicts-market-crash-days Here's the lowdown, the repo market could seize through a variety of factors, and going into year end that means very bad things for equities. I don't expect BTC to care, but the fallout will be highly interesting as it ripples around the globe. Keep that powder dry. #Bitcoin #repo #equities #fxswaps #QEInfinity

#Bitcoin #ta What do you know, the indicator sets flipped a day early. Daily is now in [Bull] mode which gives us a chance to dig out of this local low. Upper target is now 7700 to start. The past action has been rather unforgiving, so I'm not going to get too excited until we achieve the price target, and then ultimately get over the 200 day moving average. This would also fit in nicely with the Monthly and Weekly to hold the low. Keep watching...

November redux, some historical perspective on this typically wild month for Bitcoin -- https://medium.com/bloomberg/bitcoin-going-berserk-in-november-makes-holidays-awkward-c366091830de

Germany looking like it will embrace crypto in a big way -- https://medium.com/@nederob/germany-leads-the-way-as-banks-might-embrace-crypto-5cb6bc02b578

#Bitcon #ta Looks like the Daily is slowly digging out of the hole we've been floundering in. I have an estimate - which again could be invalidated, but it seems by Dec 10th or 11th we might flip out of this Bear regime. I certainly hope so. It would fit quite well with prior declines and rallies if we have already had the capitulation low.

Take your standard #DNS server, run a #Lightning node concurrently. Serve up requests and update the DNS tables only via the Lightning path. Make sure there are many DNS nodes so centralization doesn't come into play. Perhaps an incentive to be paid per lookup, a small fractional amount? Lets elevate this system into the world of cryptocurrencies.

For those wanting to keep up on the Bitcoin stock-to-flow model, here's a site that shows daily charts -- https://s2f.hamal.nl/s2fcharts.html quite useful as we whip about here.
#Bitcoin #stocktoflow

There have been posts before about the "Never Look Back Price" for #Bitcoin, but this article is a bit different as it contains interactive graphs.
The one I want you to pay attention to is under the "Extrapolation" heading. Push the slider all the way to the right, then back to the left side.
Its like falling into a mandelbrot fractal, isn't it? Also gives you a sense of the magnitude and timing.
http://bitcoin.craighammell.com/

#Bitcoin #ta Moving target down to 6000 - the recent bounce off the lows of 6545 is nice, but until my stuff flips over on the Daily I think we're going to have another fade here. I'll keep an eye on it and update as necessary. I don't enjoy being right on the downside, at all.

In the midst of this slump, a good article to read about the growing volume happening outside the spot market -- https://medium.com/coinmonks/bitcoins-massive-volume-growth-1c62ce285e25 Bitcoin is too big to be contained in one marketplace, so people may be looking in the wrong place for bullish signals.

Good post by intotheblock on the recent decline, and why metrics are showing it isn't all doom and gloom -- https://medium.com/intotheblock/the-bitcoin-drop-explained-in-seven-fascinating-blockchain-analytics-787b1219de7b

This article on machine learning and blockchain was an interesting distraction from today's price action -- https://medium.com/intotheblock/four-novel-machine-learning-methods-can-address-some-of-the-biggest-challenges-in-the-analysis-of-4df0332ba12d

#Bitcoin #ta Looks like we're heading for that miner capitulation point. Adjusting the lower target to 6660's as we've decisively smashed the prior target of 6870. Still sitting out until we dig out of this mess. Hang in there, Bitcoin is performing better than the alts are, that's for sure.

#Bitcoin #ta Well that was fast, we managed to hit the 7500 target and then some. Updating the new lower target to a heart-pounding 6870. This is only qualified if we maintain the current Bear regime. Given that the weekly is in a huge triangle right now, we're at the lower limit of that formation. Violating that would flush out the order book further. I'd rather the market didn't do that, but it doesn't consult me on what to do :) Hang in there...

Interesting article about the timing of Miner Capitulation and how it relates to Bitcoin bottom formations -- https://medium.com/coinmonks/miner-capitulation-is-coming-d81b4e7b0ff5

#Bitcoin #ta Updated my Daily target to 7500, since we've hit the lower 8k target (off by just a few points, but close enough). I'd rather not be right when its declining, I admit. Still sitting out until we're over the 200 MA on the Daily.

Good post about what day of the week gives what return for Bitcoin trading -- https://medium.com/santiment/backtesting-the-week-which-days-are-best-for-trading-crypto-31f1ff88e15e