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This is also exactly why I think the cycles are going to be different going forward. Either we no longer have the 75-85% drawdowns every 4 years, or, because of how easy it will be to sell the ETF, the drawdowns will be even worse. I have no way to even guess at which it could be, but I'm...

Agreed. I was actually hoping to be a buyer of some more BITX and it kind of got away from me. I am down quite a bit on my position obviously but I have no problems scaling in even lower and was expecting lower prices given all the recent bad news. But this move right now is highly bullish...

I agree that shit like this will be on the horizon. But if then want to ban money that an adversary uses, shouldn't they ban USD??? I think the public is getting stronger, and from my readings, its the population that chooses what money they want to use. Like I keep saying, I leave it up to...

Can you extrapolate on this? I'm finding a very similar loop in myself. No matter how many hours I put into this, results are unsatisfactory, and I don't even have the energy anymore to keep thinking that putting more work in will eventually get me there. At the end of the day, the trade...

Hey deaddog... I'm curious to ask if you're out of your BITI position, and hence short bitcoin?

Did you see the $60M net inflows into GBTC today?? Super bullish!!

I myself am turning quite bullish as well. Its like in the stock world when they say that even when more bad news can't push the price down, the floor is likely in. Its only been a couple of days since the worst of the bad news, but after not being able to stay below that range I outlined in...

I leave it up to the government to do the de-linking. Either it's a deflationary collapse or inflationary runaway for fiat. Economy is only surviving on a trillion of printed dollars every few months. The end game for fiat is near. They have to either crash the economy or the dollar, but...

John, here is an article I think you might enjoy. I agree with this viewpoint, and just like you said a while back, fuck the US. It looks like even miners might be money transmitters, so it's best to stay away from even those stocks. Given how fucked the US is with regards to deficit...

Oh and one more thing John. The news that came out today that Michael Saylor is building some identity bullshit on bitcoin is actually also concerning. I don't know the details of it but anytime someone wants to build something on the base layer I get worried.

After watching the most recent episode of WBT with Seth for Privacy, I think its quite clear that this is an attack on bitcoin from the DOJ. I think it makes sense that the ETF holders, which are the weakest hands, would sell, and I guess I can't blame them. There is always a chance to get in...

But the question is, where is the short entry? If you wait for the range to break, its a risky time to short because it can always go back into the range, which both of my examples show on the first breakout attempt. And if its still in the range, sometimes you're just guessing about which way...

I'm no TA expert, but back in Dec, we also had a range that first broke to the upside, only to be beaten back down after the ETF launch. But look, it only dipped a little bit below 40k and then rallied nicely. Now we have a similar situation. We have had a break below range lows, and now we...

I agree that you can't just go long on a pin bar that has the head at the top, but what you can at least see is that its a V reversal. This market is full of V reversals, and these represent strong buying that completely turns around all the selling. As for whether the buying continues or not...

I'm not exactly sure what it had to drop. The way you even draw your range seems a bit random to me, too hindsight. Here is what I propose. If I use my yellow lines, you can maybe start to see a range forming if we use the highs and lows of the bars I've picked (and even that is subjective...

Out of curiosity, why do you say there was enough of a hint? It simply looked like a breather in that consolidation, and this pin bar I circle I would say is highly bullish. It wasn't until the low of that bar broke and we dropped below 5100 that I would say the direction wasn't up anymore...

But the results were good on both the top and bottom line, and after hours, the stock is back to $179 after hitting 175 at the close. So the question is, if it was insider information, why didn't the stock jump up instead?

The moron is you not understanding that nobody is suggesting buying coffee with Bitcoin. Everyone is working on scaling solutions because high fee environments will be the norm in the future. Just like you don't use a bank draft to buy a stick of gum, people will not be using the base layer for...

It seems to me like you can't get past the tether scam. I can't say if it's a scam or not, but it has no bearing on what Bitcoin is. Maybe it affected the price, but today you have ETFs buying all the daily supply with USD. It would be a shame to miss the transformative powers of Bitcoin by...

Out of curiosity, how would you rate this performance? Of course you made $1.3k, so that is awesome. But you did scale into a loser (and I'm not suggesting this is always bad, just pointing it out), and by 4:30, it was obvious that there were lower highs and lower lows, so it sure appeared as...