It’s going to be a bare bone post for me today as I’ve worked through the weekend (again) and am feeling the pinch a little. But things are transpiring swiftly across the board, so let’s proceed directly to the meat counter. Speaking of which, the bear is awake, and having hibernated several seasons he’s out for blood. So unless you run faster than 35mph you are officially breakfast and lunch. Now if you’re hailing from W. Virginia or Mississippi then you’re breakfast, lunch, and dinner 😉

Time is of essence so if you don’t mind I will dispense with the courtesies and get right to the point. After follow up panic selling early in the morning Bitcoin just dipped below the $8k mark. Which means capitulation has either taken place or we are getting pretty close. We may be a tad to early here but the hourly is offering us a spike low and I just grabbed some BTC/USD with a stop < 7,900.

This is an early lottery ticket in anticipation of a snapback as we yet have insufficient data and a medium term low many not yet in place. So place your bets accordingly which means small position sizing. If you don’t have a crypto account you can play [...]

This is the first installment of an ongoing educational series that will cover the basics of crypto currencies as well as a multitude of challenges involved and the knowledge required in trading this new asset class successfully over the long term.

When it comes to bitcoin and crypto currencies in general there are three groups of people on earth right now. Group A: The ones who got in early, are deeply immersed and involved in the crypto movement (due to either ideological reasons or just plain old greed), have managed to bank quite a bit of coin, and are now running like hell just to keep up. This group is in small part comprised of the nerdy pencil protector types (and I [...]