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Been a slog, hasn't it? Dog days of summer not yet upon us and we've finally flipped on the indicator sets for the Daily to Bull. Legging up past 40k was nice, expect a good fight to get up to the upper target of 50k, but we're used to it by now. Seems sovereign adoption helps, in addition to network fees being lower than 2017 even with record tx volumes. Segwit is working, much to Roger Ver's chagrin. Hang in there...

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Here we are, grinding into the basement. Updating the lower band to 40k. Have to patiently work out of the hole, as usual. Expecting weakness until the indicator sets flip back to Bull mode. Keeping my head down and working on projects...

Been a slog, hasn't it? Dog days of summer not yet upon us and we've finally flipped on the indicator sets for the Daily to Bull. Legging up past 40k was nice, expect a good fight to get up to the upper target of 50k, but we're used to it by now. Seems sovereign adoption helps, in addition to network fees being lower than 2017 even with record tx volumes. Segwit is working, much to Roger Ver's chagrin. Hang in there...

Freaking out about hashrate fluctuations and yet another China "ban"? Don't -- medium.com/coinmetrics/bitcoin Even if hashpower dropped in half, right now, Bitcoin still has adequate protection against any 51% attack. Ignore the FUD, stack those sats.

Here we are, grinding into the basement. Updating the lower band to 40k. Have to patiently work out of the hole, as usual. Expecting weakness until the indicator sets flip back to Bull mode. Keeping my head down and working on projects...

Musks' gut-punch notwithstanding, we looked like we were brushing it off, but it seems now that further weakness is possible. I'll keep the long-term upside at 70k, but our short term worst-case is somewhere in the 46k band. Weekends are always pretty weak for Bitcoin on a pattern basis, so I'm not looking for salvation just yet. Blame the banks, they don't transfer funds :)

We're grinding higher as expected after our crazy volatility blowout this past April. Still maintaining my target, I honestly don't see any reason not to keep it up there. Its going to be a wild ride, so hang in there...

We're certainly feeling the pressure - I was considering moving the target, but frankly, even a short-term break here wouldn't kill the longer term view. Worst case? For now I'd say 44k - and that is on the weekly. It may seem odd to sense short term weakness and yet be bullish, but I've been around this a long time and Bitcoin never fails to shake people out on the way up. It seems like one of those scenarios to me. Hang in there...

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.

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