Pinned toot

Been a while, but we've low-vol chopped our way to the indicators flipping back to the Bull side. Given the low volatility, it may not materialize right away so I'm trying to be patient with the signals at this point. Luckily the worst case from the bearish flip didn't show. Keep watching for action to press local highs. New target is back to 10,000.

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Interesting thread, as much as I hate twitter -- BCash's Jihan Wu may be in hot water over a bunch of illegal things he's done.
twitter.com/molllliy/status/12
Funny how the BCash shitcoiners have assembled the most sleazy con-men in their wake, from CSW to Calvin Ayre to Roger Ver. Looks like the karma payback is real. This means possibly a bunch of BCash gets dumped, since Bitmain has been the bagholder of that under-performing shitcoin for years now.

Pinned toot

Daily has slumped enough to get the indicator sets on board, we've now flipped to the Bear side. Lower target adjusted to 8500's. Just part of the dance in this big monthly triangle we've been in since the last mega-rally peak. A bit boring, but we need to work this out before the next cycle. I figure things get more interesting by Oct - Nov, at the earliest.

Been a while, but we've low-vol chopped our way to the indicators flipping back to the Bull side. Given the low volatility, it may not materialize right away so I'm trying to be patient with the signals at this point. Luckily the worst case from the bearish flip didn't show. Keep watching for action to press local highs. New target is back to 10,000.

Interesting thread, as much as I hate twitter -- BCash's Jihan Wu may be in hot water over a bunch of illegal things he's done.
twitter.com/molllliy/status/12
Funny how the BCash shitcoiners have assembled the most sleazy con-men in their wake, from CSW to Calvin Ayre to Roger Ver. Looks like the karma payback is real. This means possibly a bunch of BCash gets dumped, since Bitmain has been the bagholder of that under-performing shitcoin for years now.

Daily has slumped enough to get the indicator sets on board, we've now flipped to the Bear side. Lower target adjusted to 8500's. Just part of the dance in this big monthly triangle we've been in since the last mega-rally peak. A bit boring, but we need to work this out before the next cycle. I figure things get more interesting by Oct - Nov, at the earliest.

We've flipped back to Bull on the Daily, given some recent strength. I'm wary of being chopped, but I'm following my indicator sets and switching the target back to 10000. We don't usually reverse so soon, so I find that to be highly illuminating. Hang in there...

Regrettably the Daily indicator sets have flipped over to the Bear side. I'm adjusting the target to 8000 for a lower possible target. Whipping around after a halving isn't unusual, I expect some of these swings to continue until marginal miners are gone and have gotten rid of their BTC inventory. Hang in there, it may not last too long.

From what I've been reading, that 40 BTC transfer was not satoshi's, it was in the same timeframe as when satoshi was actively mining, but some wizards that pay attention to blockheight and extranonce patterns say nay.
So with that out of the way, some are speculating that its an old miner that finally moved some coins - and they MIGHT be part of the superset Craig Wright claimed to control.
This would make Craig look pretty bad, especially if he couldn't move any more from that blockheight.

RT @whale_alert
👤👤👤 40 #BTC (391,055 USD) transferred from possible #Satoshi owned wallet (dormant since 2009) to unknown wallet

ℹ️ The coins in this transaction were mined in the first month of Bitcoin's existence.

Tx: whale-alert.io/transaction/bit

I was going to adjust my target earlier, and it was just a bit above 9k, now because of the enthusiasm of the market, I'll just adjust it back to 10k, and be done with it. (At least for a short while...) Market strength has been impressive.

In the future, major milestones in blockheight will become common cultural touchstones.

"Where were you at Block 630000?"

4hrs 19min to the halving...

I saw the shorter-term weakening before the decline, but honestly the magnitude was something to behold. I personally believe that some exchange liquidation engines exacerbate the moves in Bitcoin lately (Hello, Bitmex). Because of this, re-adjusting the upper target back to 9000. Still bullish longer-term, even with this hiccup. It will take a bit to dig out of this recent decline, so I'll keep an eye on it.

Well, that was fast. Expanding the upper target now to 10300. A few speed bumps on the way, but that should take a bit longer than the last push. I'm not complaining, in either case. My stuff went Bullish on April 25th. Hang in there, halving coming in a few days.

We're legging higher, and I've been on the Bull side for a while, so its all fitting together. We've exceeded my prior target of 9500, so I'm expanding this now to an eye-watering 9800. We're now a stone's throw from 10k, but there is a bit of resistance up there that may take time to get through. Making the halving event very interesting, for sure.

We've been grinding out into a plateau lately, and since we've hit the old 9k target, I'm expanding it once again to 9500. Its always a stair-step up, as usual. Interesting backdrop on the upcoming halvening event.

Nice pop up, looking to increase my target now to 9000. Not much to add, except that the weekly chart looks like a breakout situation to me. We'll see how far, but it helps the Daily is in Bull mode, so I'm less inclined to fade the moves up.

Getting chopped here, and the indicator sets have once again flipped to the Bull side on the Daily. Lost a bit of opportunity cost on the prior green candle, but nothing I won't make up later. Looking again towards upward targets, 8100 back on deck. As always, if I get chopped on this one I'll sit it out, but that is what you get sometimes when volatility is low. We keep testing the 7700's area, so it looks like a breakout eventually.

Getting some heat here, naturally. I still maintain that fading the rally is the right thing to do, only because I've been here before and know that we've had equal rips up and down. Looking to hang in there unless price pushes past 8k, which would blow out my stop. No worries, just another day trading crypto.

The indicator sets flipped on the Daily, so now I'm considering lower price targets in the 6000 range. I'd rather this not be the case, but the market doesn't care what I like. I suspect that this impulse lower will be linked to other events like liquidation for access to quick capital, as the macro outlook isn't looking very good for a lot of assets. Keep your chin up though, we've got the halving coming in short order to change miner liquidation mechanics.

Kyle Bass understands exactly what is going on, I recommend watching this interview about China and the implications of their massive bungle in letting this virus run wild outside their borders -- youtube.com/watch?v=exASOIXH8S Run time is an hour and a few minutes, but definitely worth it if you want to understand the macro view of China's problems.

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