And that looks like resistance turning into support on our impossible dream line.  Go figure. 

I am seeing green shoots in the South Korean bitcoin exchanges in the last 4 days.

Volume is just starting to pick up on Bithumb.  See green circle.  Are these the first hints of South Korean retail interest coming back to the market?

Pretty much everything CSW is involved in is made up


Bingo.  And the judge has to wade through shit up to his armpits.

I know people keep saying that this is a completely different pattern, but I disagree.  We can still use the 2014/15 cryptowinter to guide us and set price targets. Right now we are ahead of target.  That means we need to be prepared for price falls.  This doesn't mean they will happen, but we will be prepared for them if they do.


Nicely put by Jojo.  If you plan and prepare for all eventualities, then you will never be caught out.  


Your mileage may differ.  People kept complaining about this chart all the way down as well.  I could 'accelerate' it to match the halvening peak and it would have a near perfect fit, but I'm not going to.

The impossible dream is alive and well.  We have broken back above the supporting trendline from the 2014/2015 cryptowinter, which is hopelessly bullish.




http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

An update on how we are tracking against 2014/15.  We remain well ahead of schedule at approximately the target price for the halvening (May 2020 price target).

I have slowly come to the conclusion that, at least in broad terms, left and right generally want the same sort of things.*  We simply disagree on how to get there.  Also some sides place greater value on particular objectives than others.

*A few obvious trolls excepted.

Not with a hangover

Trolololo ‘s linear regression model






Moonmath.win

Yup.  Time to get serious and start using real money on long term plays.  Hasten slowly.  All options remain open, up or down.

Fuck it, starting to very slowly reopen a long position.

Nice one

Fair enough.  Perhaps uninterrupted is the wrong word.  But "straight line logarithmic" doesn't sound any better.  There is probably a better term.

For context, here is my post on November 16 2018 when we broke downwards through the same long term trend line. Now we have broken upwards back through it, something I thought would never happen. 

Let me tell you of the impossible dream.

A support line that runs all the way back to the dawn of time.  At $2.22 at the bottom of the crash in November 2011.  A support line that held us up during the depths of the cryptowinter.

Weekly view of the support line



Daily view of the support line



A support line that, when finally broken in November 2018, heralded the final throes of the 2018 bear market.  See first yellow circle where it was broken.



But this support line, which was believed to be lost forever as it soared off into the stratosphere, was unexpectedly touched on June 22 and 23 2019.



We then soared above it on June 26 and June 27.  Surely we had soared too high, too fast?  Surely this was impossible?



Today the support line sits around $11,445.  

If we can recover $11,445 and against all odds, hold above this line, this would represent an uninterrupted logarithmic bull market all the way back to 2011.  Surely this is the impossible dream?  This is why I am currently bearish.  But if we break and hold above, then all bets are off.

Have you ever had sex with an ewe?

Tend to agree with JJG. 

Pretty well everyone I know has heard of bitcoin.  The invariable offhand comment is “I don’t understand bitcoin”.  Socially most of the time it is not the right time or place to try to address the comment. 

Welcome back dude

I don’t see anyone panicking ?