Not much of a spike, but nice.

I blogged on 7/9 that I thought I saw something shaping up. Don't worry if you missed it, nobody read it. https://steemit.com/crypto/@ricknarveson/don-t-follow-me-i-m-lost-6-a-projection-is-not-a-prediction#@steemitboard/steemitboard-notify-ricknarveson-20180720t070921000z

And I posted a few updates..and then failed to post that it finally happened and I went long Bitcoin again last Tuesday.

Technical analysis is all just mumbo jumbo and smoke and mirrors but there is no denying the chart looks like a perfect inverted head and shoulders now.

I believe your speculation about the bots may have a lot of merit. the 50SMA crossover is one potential trigger. My trigger was the 12-26EMA crossover. From what I've read lots of bots could have been waiting for various kinds of moving average crossovers and when enough of them coincide then you have a self fulfilling prophecy as the triggers cascaded.

Welcome to the world of nascent AI.

The key question is what's next. And as I posted in a very late reply to your last video, any idea why ETH not only did not get pulled along with the bitcoin jump but turned and went the other way?

You're reading the high bitcoin dominance as risk off behavior. but things move fast in crypto and if bitcoin hangs around 7500 for long enough then it will be called a base for the next leg up.

Datadash put up a video yesterday mentioning Blackrock's interest in cryptos. Possibly another contributing factor in the recent moves or just more confusion of cause and effect. That's what makes a market.

FWIW here what my little projection formulas show today.

The Bitcoin EMAs are diverging bullish. That won't last if this is not the start of an uptrend. I'm 50% in bitcoin now and down 2.3% from my entry.

Litecoin might try to do something but 7 days out is a long time in cryptoland. Not optimistic, just watching.

ETH is very ho hum with no sign of any impending crossover, but it only needs an 11% bump for a bullish cross tomorrow. and in crypto those kinds of moves are not that rare.

I don't watch the market, but I check in and check it out about once a day. (For a market addict like me that is infrequent.)

Thanks for sharing your thoughts and opinions.

Regards,
Rick