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Slight update, given the breakout from the previous flagging formation I was talking about, I'm going to raise my target to a big 'ol 70k. Just makes sense to me, though it will take time to grind up to it. Cheers...

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What's been going on? I know, I know... chop city even after flirting with the all-time highs.
Its periods like this that test trader's souls. We're fleshing out another "flag" up here from the push over Apr 10th, and even with potential retracement to 58400's I'm still on the Bull side.
Patience, its easy to want to over trade when things are grinding away.

Now that the topic has come up, I'm curious:

What do you think of people who only post polls on Twitter and not here?

Slight update, given the breakout from the previous flagging formation I was talking about, I'm going to raise my target to a big 'ol 70k. Just makes sense to me, though it will take time to grind up to it. Cheers...

@mydogisahusky I'm starting to see why Jimmy Song lost that debate to Roger Ver. They're both hotheads, and they don't take being corrected/contradicted very well. I've run into this behavior before, usually from people who are used to "star" treatment but don't get what they think they deserve. Its similar to celebrities who have inflated senses of self-worth, so they talk down to people and carry on like spoiled children.

@nvk Its cool dude, I'm done. I'll just stick to my corner and hope the remaining staff can handle the constant influx of porn-spammers, etc.

Cheers.

What's been going on? I know, I know... chop city even after flirting with the all-time highs.
Its periods like this that test trader's souls. We're fleshing out another "flag" up here from the push over Apr 10th, and even with potential retracement to 58400's I'm still on the Bull side.
Patience, its easy to want to over trade when things are grinding away.

@jimmysong Prove you aren't a bot. Respond to this post.

Yes, I blew out your post promoting a poll on Twitter, I talked to you about this, so it was fair game.

I'm seriously asking if you are just botting this instance and copying tweets.

I know, we do a full retrace from the upper bollinger to the lower and everyone loses their minds. We're still hanging in there, if we flip over to the Bear side I'll certainly let you know. As of now, we're not there yet. Chop is the name of the game, so don't get too excited about it.

Innovators - Bitcoin

Copycats - Alts, ICOs, Stablecoins

Idiots - NFT, DeFi, DAOs

Sorry about that, been away taking care of some personal issues. Looks like I got chopped, the Daily indicator sets flipped back and as you can see, we're grinding back higher. Of course the latest announcement of corporate balance sheet conversion to BTC certainly helped. Well, it happens. I take my lumps and keep on going. Putting up the former target of 60k, looking for general higher action. Bitcoin is sure a wild beast, is it not? Hang in there...

I'm seeing potential for some weakness, with the Daily indicator sets flipping temporarily to the Bear side. This is normal in the cycle of markets in general, and comes at a time where its not certain we punch above prior highs of 52k - so I'm going to back off and put a worst-case retrace at 42k. Given volatility is low, its possible we just chop around here and express the last bit of Bearishness, but better safe than sorry...

Intermediate retrace - hell, more like a slow-moving landslide crushing newbies in its wake. In charting terms, we round-tripped from the upper to the lower Bollinger Band. My longer timeframe indicator sets haven't given up the ghost, even though the point spread from near 60k down to here at 43 - 44k is impressive. We're going to have a few shakeouts like this as we advance, so I'm not going to change my upper target - unless my stuff flips to longer-term Bear. Hang in there...

Dammit Bitcoin, give me a few days rest will you? But seriously, we've handily smashed the prior target of 52k, so I'm upping my game to the lofty heights of 60k. I still think we could get a intermediate retrace, which I'm sure you degens will use as an opportunity to cost-average yourselves in. Its certainly getting interesting, isn't it? Hang on...

Grindy, grindy. We've pushed through 48k long enough to make me reconsider my upper target, so I'm moving this to 52000. Worst case on a stumble is about 42k, but that would still place us on a longer term Daily trendline that we've been hugging. At any rate, no expecting any green bars to the sky - barring some surprise announcement of yet another company investing billions, that is.

Whats a few thousand points between friends? LOL thanks Elon -- I wasn't expecting a single green bar to the sky, but here we are. Updating the target to 48000. We're in uncharted territory yet again, hang on to your seatbelts.

I missed a signal, which is unusual for me. Indicator sets went into Bull mode on the Daily, Feb 5th. Seems we have a chance to grind out of this and push towards prior highs, though given volatility is low - I expect more grind than instant green bars. Upper target is now 42000. Bring it on.

Beware of Michael Green. He runs Logica Capital out of California. He recently has been pushing a narrative about that centers around how only 'bad people' use it, and how the hashing power can be trivially exploited by a bad actor. Tropes that have been debunked before, but since he has a veneer of professionalism some people may swallow the flaws in his arguments. He also interviews on Real Vision and spews no-coiner garbage on Twitter.

Yes, I'm aware of the Elon Musk pump, just don't see it helping on the Daily just yet. If things change, I'll be the first to let you know. Crazy times with the degen investor army, eh? I haven't laughed so hard in quite a while. Well done, lads.

Just a small update. Still looks slumpy, but we've been in chop-town before -- so I'm going to stick with the original analysis, just tacking on a worst case target of 28k for the downside. This isn't bad, honestly. I prefer rally-retrench-rally to a short-lived exponential blow-off.

#ta This is a market that will try our patience, for sure. We've fallen a bit more than I would've liked -- so I'm suspending the EEV model projections for now. Any action under 30k would be my predicate for jumping on the Bear train, since we have departed from it considerably. I don't expect any swing here to be prolonged, just part of the churn before working higher. I'll be tracking it, and will have a new price level to look at in a bit -- for now, batten the hatches.

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