TallTim📈📉💰 @[email protected]

#Bitcoin #ta Just a small adjustment here to the upper target, since it seems we have an appetite for rallying lately.
We're fading from the highs of 8400's but it seems prudent to expand the scope at this point to 9200's.
I wouldn't mind a stair-step retrace before punching higher, just to keep volatility from soaring too fast.
I'll keep my eye on it.

#Bitcoin #ta We've been building some strength in the lower timeframes, and we've hit my prior target of 7600. I'm raising this to 8400 - completely mindful that the ride up past 8k is going to be one of give-and-take. Volume is still pretty sporadic so I'm thinking more of a grind than a big green bar pushing through. Not a bad start for January, at any rate.

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

This post says it all about the BCash tax -- https://www.reddit.com/r/btc/comments/esoi5s/ama_jiang_zhuoer_author_of_infrastructure_funding/ffbkmgk/
And make no mistake, this is a tax on the BCash mining ecosystem that wasn't put up for debate or a vote. Roger Ver makes big noises about hating centralized govts and the tax man, but he sure doesn't mind if he's the arbiter. What a sleazy con-man. I think this will be the start of their miner death spiral - and ultimate centralization between three mining pools.

Good article series on potential future of cryptocurrency, and other influences that affect its trajectory -- https://medium.com/block-digest-mempool/the-next-decade-p1-the-road-behind-58f9bda569b #Bitcoin #future #decade

#Bitcoin #ta Just a small adjustment here to the upper target, since it seems we have an appetite for rallying lately.
We're fading from the highs of 8400's but it seems prudent to expand the scope at this point to 9200's.
I wouldn't mind a stair-step retrace before punching higher, just to keep volatility from soaring too fast.
I'll keep my eye on it.

#Bitcoin #ta We've been building some strength in the lower timeframes, and we've hit my prior target of 7600. I'm raising this to 8400 - completely mindful that the ride up past 8k is going to be one of give-and-take. Volume is still pretty sporadic so I'm thinking more of a grind than a big green bar pushing through. Not a bad start for January, at any rate.

Bit of a longer read, but it is absolutely worth it - Efficient Market Hypothesis as it relates to cryptocurrencies by Nic Carter -- https://medium.com/@nic__carter/an-introduction-to-the-efficient-market-hypothesis-for-bitcoiners-ed7e90be7c0d #Bitcoin #EMH #niccarter

This is worthy of your attention - https://coinmetrics.substack.com/p/state-of-the-network-2019-year-in Goes in-depth with comparisons of various metrics.
It also reinforces my theory that the upcoming halvening for BCash will be disasterous for that network. Unless Roger Ver subsidizes the miners somehow, the incentive to secure the network will be severely reduced -- ahead of schedule thanks to their nutty diff adjustments.
No wonder he started an exchange, last chance for him to prop it up and inflate volumes.

#Bitcoin #ta Here we go, the Daily finally got it together, indicators flipped to the [Bull] side. Upper target 7600 to start. If I get chopped on this signal then I'll hold back until a defined price point (TBD). Its been a bit lethargic in volume so my expectations aren't too high. Fading off of 7520's didn't help much either. Holiday markets are always a bit frustrating due to reduced participation.

#Bitcoin #ta A short mid-holiday update. The Daily picture has improved recently but the indicators are not on the proper side for me to get Bullish just yet. I'd love it if we could muster enough "oomph" to get over 7560's (Dec monthly open), and with recent action on the 4-Hour it just might make it. Still waiting on the lower timeframe strength to trickle up to the higher ones. Perhaps in the new year? I'll keep an eye on it...

#craigwright #faketoshi #bsv seems to be working on a new scam. I'm not a blockchain mechanic, so some of this is beyond my depth - but what I think it means is a certain subset of BTC transactions can be "replayed" into BSV allowing them to create tokens out of thin air. https://www.reddit.com/r/bsv/comments/edr0av/massive_replay_theft_coming_to_a_scamchain_near/ I look forward to clarification, but it seems to be a grab so CSW can claim satoshi-coin control? Something nefarious afoot.

#Bitcoin #ta Small update. I hate it when I'm right on the downside. Adjusting the target to the next cluster of major support -- which is in the 6000 area. I'd rather we didn't visit this, but given the Daily is in Bear mode and higher timeframes are looking grim, we'll have to suffer through another period of crypto winter blues. I'll update when it changes.

Maker DAO is a walking security risk, who knew -- https://medium.com/coinmonks/how-to-turn-20m-into-340m-in-15-seconds-48d161a42311
It won't get better after ETH's "sharding", either. I think we'll witness the first implosion of a crypto ecosystem due to attack surface and general incompetence/hubris. Stay tuned...

#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