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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Animals

Animals

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
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* Wed. Jan. 30 @ 2:00 pm ET ~ FOMC Announcement
*** Click here for link to Economic Calendars for all upcoming events

NOTABLE POSTS WITH IMPORTANT UPDATES...

Friday, October 20, 2017

BITCOIN: The Extreme Anomaly

* See UPDATE below...

After plunging to 3000 six weeks ago, Bitcoin snapped back and reached 6000+ today (a 100% increase during that time), as shown on the following Monthly chart, and, as noted in my last post (originally written on September 4th and updated periodically, with comments and charts, to, and including, today).


What strikes me as extraordinary is to see the percentage gained Year-to-date of Bitcoin (527.07%) compared to the U.S. Major Indices, as shown on the following graph.

I find this noteworthy and very unusual, to say the least, inasmuch as it's not "backed up by" or "pegged to" anything.


And, here's a look at the all-time percentage gains for Bitcoin, since it was first listed on the NYSE on May 19, 2015...2417.70%...

Is this an unsustainable parabolic bubble in the making? We'll see...


If Satoshi Nakamoto, the man believed to have created and implemented Bitcoin, still holds 1,000,000 Bitcoin, he'd be $6 Billion richer today:
https://en.wikipedia.org/wiki/Satoshi_Nakamoto


* UPDATE November 2...

Another 1300 points tacked on in the past 9 days as it ploughed through the 7000 level...the manic euphoria continues...