Bitcoin Bull Bonanza

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One of the most ironic posts on Slope must be the one I did just back in January called Bitcoin’s Massive Bullish Base, which featured this chart:

The entirety of the post’s text was as follows: “I’m not even going to try to understand the logic, but well-encrypted 1s and 0s of imaginary currency have formed an astonishingly-clean basing pattern, suggesting much higher prices ahead.

The irony, of course, was that (1) it was a bullish post (2) I’ve never touched Bitcoin in my life. (PRO TIP: my beloved SlopeCharts.com has $BTC, $LTC, $ETH, for you crypto-freaks).

Anyway, since then……….

slopechart_$BTC

SlopeCharts has end-of-day data for cryptos, but not the intraday (yet), but as you may have heard, this chart requires some updating based on the past few hours:

1011-bs

Yep, a new lifetime high.

I don’t really have any opinion or feelings (or profits) related to Bitcoin now, except to offer congratulations to Slopers who have made money off this crazy beast.

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