BTC Price VOL at an All-Time Low

BTC Price VOL at an All-Time Low

Below I plot the trailing two month (60 days given weekend trading) price VOL [(max close-min close)/average close] of BTC. Historically, VOL always bottomed b/t 10%-15% whereas the current print of 8.9% is the tightest on record dating back to…...

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Second Stage of Bitcoin Crash Sequence To Begin Very Soon

Second Stage of Bitcoin Crash Sequence To Begin Very Soon

Below I plot a daily chart of silver that depicts the various steps of its crash sequence after peaking in 2011 at $50. In the aggregate, the crash sequence takes place inside an obvious and bearish descending triangle.  Once it finally…...

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Pinpointing a Bottom in Bitcoin

Pinpointing a Bottom in Bitcoin

With my oft-repeated suggestion that XBT will reach $1 million in 2018 looking more comical by the day, I thought it appropriate to revisit the asset with a focus not on trying to predict upside, but on attempting to pinpoint a near-term…...

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How Does Bitcoin Not Reach $1M+ in 2018?

How Does Bitcoin Not Reach $1M+ in 2018?

Haven’t updated my thoughts on Bitcoin (BB: XBT) in quite some time. I’m going to simply re-present the same set-up I did in our original thesis on XBT way back in Feb-17 when it was printing $1K, not the $20K it reached…...

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How Historic Bubbles End

How Historic Bubbles End

The selling in Bitcoin has been relentless since its 12/17/17 peak.  Moreover, since then, its rallies have been listless and lacking in vigor. It all adds up to a major deviation in the road-map I had envisioned for the asset relative…...

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Has Bitcoin Stalled Out?

Has Bitcoin Stalled Out?

Our last piece on Bitcoin (Bloomberg: XBT) was this post on 11/1/17. Included in it were two major conclusions: A major break-out in/around early Dec-17 was likely, akin to silver in Aug-79, where upside would begin to accelerate That upside had the chance to…...

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Near-Term Swing High For Bitcoin?

Near-Term Swing High For Bitcoin?

I last wrote about Bitcoin ( Bloomberg: XBT) on 9/16/17 in this post.  Therein we continued our ongoing comparison of the parallels b/t XBT’s cycle since its late 2008 introduction and silver during its halcyon cycle of 1970-1980, a conceptual framework…...

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What is Bitcoin Discounting?

What is Bitcoin Discounting?

On 2/24/17 I presented the site’s first post on Bitcoin (Bloomberg: XBT).  In it, I compared silver’s set-up over the 1971-1980 period to XBT’s since 2010.  In concluding I suggested the chart-based similarities of the two assets made XBT well-positioned to enjoy…...

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Putting Bitcoin's Recent Decline in Perspective

Putting Bitcoin’s Recent Decline in Perspective

To the casual observer, Bitcoin (XBT) has been in crash mode over the past week or so, declining to ~$1,750 at its lows this morning from ~$2,500 at the start of the week, a 30% decline in a few days…....

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The Race to Seven Digits?

The Race to Seven Digits?

Let’s revisit our 2/24/17 post on XBT and its resemblance to PMs, specifically silver, in the 1960s-1980s. In that post we basically suggested that XBT since 2010 has been highly similar to silver from the 1960-1980 era on a chart/pattern…...

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