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Bitcoin Q & A

I’ve been blogging about Bitcoin on iBC since August 2016 when Bitcoin was trading at $586 and have been involved for much longer. I bought my first Bitcoin at $13.

If you don’t know much about Bitcoin I recommend scrolling through my previous posts to get up to speed.

Since Bitcoin is hitting the news everywhere I’m going to commit to answering questions you may have in the comments.

And yes I know the weekly chart is parabolic. It’s a bubble. It’s going to correct. Bitcoin has done this before. It doesn’t concern me.

 

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Today is a good day to buy Bitcoin

Bitcoin just enjoyed a “selling climax”. Like most climaxes people are not thinking clearly post coitus.

We are repeating Wyckoff cycles over and over. I believe the technical term is “Bitcoin is fractal like a motherfucker”.

Link to live chart below where you can play forward the realtime data on tradingview.

 

And this chart is especially hilarious because the price goes off the chart, literally. Follow the link and press play.

That’s an example of an accumulation zone and markup. These zones are getting bigger and bigger. We’re going to enter into crazytown soon. More info in the video below.

 

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