Replying to @MattLGov
right now we're at the very top of a multi month channel, exactly at the top, there's no way we go higher....right? I thought we were in a bear market
the channel started on 4/20
Is this a familiar pattern?
are we about to head down toward the $50k's on that last leg?
a perfect bounce off the bottom fib to barely sweep under this bear cycle's low and then headed back up to ping the 23.6
will it continue the up past the 236 or head right back down for a new all time low and capture all that OI below?
The Fibonacci retrace on this was insanely accurate, created this on June 18 (added additional purple lines later)
wonder what happens if we drop to $59k
Brian Armstrong, CEO Coinbase says his gut feeling is that the bottom is already in, many others feel we go into mid 40's
Replying to @QuintenFrancois
nobody believes the simulation will repeat until it does.
Replying to @0xReflection
right now the raw electricity expense to mine one BTC (not the full all-in production cost) is ~$48,253
It serves as a theoretical price floor because miners can keep machines running (even at a loss on other costs) as long as BTC price > electricity cost
en.macromicro.me/series/8193…
Hi everyone,
About the bear market: the simulation ALWAYS repeats itself.
It is and has always been end of October (every 4 years) when the bear market ends.
The best 2 key visuals:
1. the Bitcoin fractal
2. one week candle where I draw lines at the end of each bear market since the 2017 bull market
hope this helps
NOTE: the 200 day moving average will intersect with the 50 day right on time. According to the downward channel we are set to see a low of between $55,000-64,000
It's happening. Plan accordingly
Replying to @colorado_crypto
it's hard to miss if Bitcoin reacts the way I want.
closed my ridiculous LINK long a bit ago, I was fairly certain I could time the bottom precisely, so I 100x'd that mofo, it's so funny, my colleagues in TradFi cannot comprehend these things.
Replying to @ChickenBigly
I created a time inference probability based on the symmetry of the emerging head and shoulders pattern.
It’s just a ridiculous wild guess. I have no clue 😂
















