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Bitcoin’s strange dance near its all-time high

Bitcoin is nearing its all-time high again and everyone in the cryptocurrency markets is wondering what is going on here…

btcusd-20170427

The daily chart shows the erratic reaction to the SEC decision to disapprove the ETF of the Winklevoss twins. After that, the price came back astonishingly for a few days, but fell again to new post-decision lows.

But miraculously from there it recovered once again and that in spite of the BTC ecosystem and its surrounding mood becoming more cloudy by the day.

The bitcoin world experienced some rather bad developments during the last months:

  • The Chinese central bank disabled local BTC exchanges in various ways, at least temporarily.
  • Two bitcoin ETFs got disapproved by the SEC.
  • Then there is the scaling debate about a technical solution to make bitcoin fit for larger volumes of transactions. To date this debate is going on with no end in sight, but threatening possible disruptions to the network itself. If the network doesn’t work properly, the value of a digital currency is at stake. The network gives existence to the monetary aspect of bitcoin. Without the network there are no bitcoins. There are merely bits.
  • Finally a USD payment problem at the largest dollar based exchange Bitfinex arose. Mt.Gox revisited or just a short-lived correspondent banking problem? Or is this the beginning of real banks shutting off the crypto world from real money flows?

It looks like the incumbents and tycoons are beginning to turn against bitcoin and the technical part of it and the community behind it are also signaling possibly large problems ahead.

And still the price is marching upwards…

Trading bitcoin is okay, while investing into it could be dangerous! Of course, holding it after your opening of a long trade survived a tight stop, may be even better.

After all, bitcoin has shown a steep and stunning trend during the last years. Literally from nothing to a market cap of currently $20B.

So, there is volatility out there and fortunately trading bitcoin can be conveniently done with the help of CFDs.

Just remember that all this could be a modern tulip mania!

But trading it could yield incredible returns. Really! Bitcoin advanced in only 3 years 5000%. Trading it could be done with our PipDaq system – the most direct method for all situations and markets that are trendy or swingy.


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Bitcoin ETF damned by the SEC

The SEC has finally decided against the proposed rule change that would have allowed the Winklevoss ETF to be listed and traded on the BATS exchange. The chart shows an early spike on misinterpreted news setting a new all-time high and demonstrating the fear of some bitcoin traders to miss the wave, and later the […]

Bitcoin finally made a new all-time high

During the last hours bitcoin advanced through the magic line of about $1170, its all-time high from more than 3 years ago. The chart of the last 35 days shows a bumpy ride with the first attempt to crack the all-time high crippled by the Chinese central bank and its actions to torpedo bitcoin trading […]

Bitcoin’s rally imploded – for now

During the last hours bitcoin crashed more than 20% shortly before making a new all-time high against the dollar. The vehement move suggests that the recent rally was driven by short-term oriented traders and not by long-term investors who anticipated a new bull run after clearing the all-time high. Overall, that is a less bullish […]

Bitcoin nears all-time high

Bitcoin, the amazing cryptocurrency, has advanced over the last days. Currently it trades around $900 with the all-time high of almost $1200 in sight. The all-time high of BTC/EUR is even more close, because of the decline of the euro against the dollar. As usual, many explanations are circling around. Some have to do with […]


Tau Trader is a pseudonym that could be associated with Day Trader, Dow Trader, and even Tao Trader, but more specifically it stands for this:

Tau

It is an efficient Trading System

Tau is a Greek letter and Tau has many meanings in physics, but a major one is a timing constant for relaxation processes. Timing is everything for trading and indeed this specific physical phenomenon leads to what I consider a very robust trading system. And it is as "straight to wealth" as it can be. Hitting the right trends at the right times will build you a fortune...

Tau

It is also a cipher for Auto Trader

Using this system is the secret that makes auto trading really work and thus you could combine both, but you haven't, as the system on its own is highly effective. See the download below.

There are these golden opportunities out there that made successful traders rich and exceptional systems and tools do really exist. You just have to spot the lucky chances.

And here is one of them:

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