Translation: BTFD

Inverse head and shoulders breaking out on the 1 hr. Choo choo!

Nice symmetry on the shoulders.

edit:

I agree this feel more technical but sometimes people need a bit more reason to act on technicals, even if it's only psychological or numerology-based. TA is numerology though...

It seems like the cryptosphere is holding its breath until Chinese New Year (Feb 16) is over. I suspect the second half of Feb into March we'll see a thaw. Esp as Korean exchanges and account holders fall into regulatory order.

Dear Son,

I know you think this is war, but this ain't nothing compared to being GOXXED! Every time I see that prison-reformed formerly-bubble-butted Karpeles it makes my skin crawl wondering where the hell he hid all his excess skin. It boils my blood to know even he, that SOB, has profited massively from the worst bear mauling the cryptosphere had ever seen!

So listen hear sonny-boy, while the gettin's good and cheap, you milk that correction cow, you milk her for everything she got!! And I promise you, sooner or later, she will deliver you the newborn bull run you've only ever dreamed of! I'm thinking $30k, $40k, hell even $100k if you still believe in the all-mighty-but-often-fallible Master Lucifer!

I heard from the news the 7EMA has arrived at your location. Hopefully it's helped quench the fire, shit, and brimstone you've been holed up in. It's amazing what a little break in the weather can do. If it lasts through the night, maybe you and the boys can find yourself a little glade for a little R&R with some local cowgirls. Never underestimate the potential of shithole locals to pull you out of a rough spot! After all, each and every one of us was delivered unto this world a mere fart's breath from a shithole whether we like it or not, and if we don't win this war against centralized finance, I guarantee you each and every one of us will end up right back in shithole status!



So HODL the 7EMA line! Keep your eye on the 200EMA; two or three more days and by all reports, you should be over the hump. But it ain't over yet, no-sir-sonny-boy-bob-ee, it over yet... You make your way for that 100EMA as fast as your gangrene legs can take you! Ditch every one of your soon-to-be-worthless shitcoins along the way, vault over the 30EMA without pause, and become the hyperbolic son I've always known you can be!

Your loving father,


https://bitcointalk.org/index.php?topic=2905720.0

Dear Son,

I know you think this is war, but this ain't nothing compared to being GOXXED! Everytime I see that prison-reformed formerly-bubble-butted Karpeles it makes my skin crawl wondering where the hell he hid all his excess skin. It boils my blood to know even he, that SOB, has profited massively from the worst bear mauling the cryptosphere had ever seen!

So listen hear sonny-boy, while the gettin's good and cheap, you milk that correction cow, you milk her for everything she got!! And I promise you, sooner or later, she will deliver you the newborn bull run you've only ever dreamed of! I'm thinking $30k, $40k, hell even $100k if you still believe in the all-mighty-but-often-fallible Master Lucifer!

I heard from the news the 7EMA has arrived at your location. Hopefully it's helped quench the fire, shit, and brimstone you've been holed up in. It's amazing what a little break in the weather can do. If it lasts through the night, maybe you and the boys can find yourself a little glade for a little R&R with some local cowgirls. Never underestimate the potential of shithole locals to pull you out of a rough spot! After all, each and every one of us was delivered unto this world a mere fart's breath from a shithole whether we like it or not, and if we don't win this war against centralized finance, I guarantee you each and every one of us will end up right back in shithole status!



So HODL the 7EMA line! Keep your eye on the 200EMA; two or three more days and by all reports, you should be over the hump. But it ain't over yet, no-sir-sonny-boy-bob-ee, it over yet... You make your way for that 100EMA as fast as your gangrene legs can take you! Ditch every one of your soon-to-be-worthless shitcoins along the way, vault over the 30EMA without pause, and become the hyperbolic son I've always known you can be!

Your loving father,

My dad told stories about the Mt Gox wars. He was holed up in Coinbase before there was a GDAX. Was only able to procure a mere trickle of weekly supplies. The supply lines were constantly cut as well.

He told me he was holed up so long after Mt Gox, he forgot the war was still on! Didn't even think of refueling through most of 2014-2015.

Costly mistake, that was...

Now he just sits in his rocker, murmuring...

"$200 coins, should have bought more, should have bought more..."

Dear Mom,

Today marks the 5th night in a row we’ve been holed up below the 200EMA. Although the bears stopped their relentless selling a couple days ago, most of us HODLers are still sell-shocked. For some, millions in fiat have been wiped from their balance sheets. We still don’t know what happened to the permabulls, no one expected they were going to abandon us at the 100EMA. Charlie spotted a couple longhorns making some short runs in the last couple days; we can only pray they’re enough to pull us out of our 200EMA foxhole. Rumor is some institutional wannabe cowboys were bringing a tractor-trailer full of steers, but you know how rumors go. Last I heard they’re still rallying behind their chief-of-the-moment Giancarlo, building up liquid courage.

There is ray of hope: For the first time in 11 days, we might close over the 7EMA today or maybe tomorrow, fleeting though it might be. The soothing rain it brings might cool this scorched earth and let us breathe a little more freely.

Some of the guys are most worried about crossing no man’s land between the 200EMA and 100EMA. One step at a time, I told them: first let’s lumber over the 200EMA. On our way, if we’re lucky, in a week or less we might gain some air support from the 30EMA. If things are calm enough, we’ll make a break straight for the relative safety of the 100EMA wall. Here’s hoping none of us will be mauled to death on the way.

Over that 100EMA wall are hot showers and satellite phones to our families and food, REAL food. It’s disgusting, I hate to admit, but I’ve seen some of the guys eating shitcoins to survive. I heard Bitconnect killed a whole platoon, while Ripple made half our unit sick to their stomach. The guys fueling up on Monero won’t tell us how they feel and honestly I just can’t read them. Litecoin has sustained many with just mild indigestion, but ever since Charlie traded his whole stash for some secret deal with an unknown rancher, a lot of the guys just don’t trust it anymore.  No one wants to talk about BeeCrash since, you know, the Big Betrayal. And Ethereum. I don’t even want to talk about Ethereum. What little stomach contents I have just surged into my mouth a little.

Once we’re out, we pray to Karhu we won’t have to make a mad dash back to our 200EMA foxhole. If the bears bring even more leverage we might have to dig even deeper.

If the coast is clear we’ll make a mad dash to the 100EMA. I’ll call you then, Mom, I promise. If we get some long-awaited shore-leave far above the 100EMA, I’ll come visit straight away. Meanwhile, I’ll try and write again soon.

Love,


P.S. Send more of those lightning-nodes. They were tasty, but not nearly enough to sustain me.

https://bitcointalk.org/index.php?topic=2905720.new#new

Dear Mom,

Today marks the 5th night in a row we’ve been holed up below the 200EMA. Although the bears stopped their relentless selling a couple days ago, most of us HODLers are still sell-shocked. For some, millions in fiat have been wiped from their balance sheets. We still don’t know what happened to the permabulls, no one expected they were going to abandon us at the 100EMA. Charlie spotted a couple longhorns making some short runs in the last couple days; we can only pray they’re enough to pull us out of our 200EMA foxhole. Rumor is some institutional wannabe cowboys were bringing a tractor-trailer full of steers, but you know how rumors go. Last I heard they’re still rallying behind their chief-of-the-moment Giancarlo, building up liquid courage.

There is ray of hope: For the first time in 11 days, we might close over the 7EMA today or maybe tomorrow, fleeting though it might be. The soothing rain it brings might cool this scorched earth and let us breathe a little more freely.

Some of the guys are most worried about crossing no man’s land between the 200EMA and 100EMA. One step at a time, I told them: first let’s lumber over the 200EMA. On our way, if we’re lucky, in a week or less we might gain some air support from the 30EMA. If things are calm enough, we’ll make a break straight for the relative safety of the 100EMA wall. Here’s hoping none of us will be mauled to death on the way.

Over that 100EMA wall are hot showers and satellite phones to our families and food, REAL food. It’s disgusting, I hate to admit, but I’ve seen some of the guys eating shitcoins to survive. I heard Bitconnect killed a whole platoon, while Ripple made half our unit sick to their stomach. The guys fueling up on Monero won’t tell us how they feel and honestly I just can’t read them. Litecoin has sustained many with just mild indigestion, but ever since Charlie traded his whole stash for some secret deal with an unknown rancher, a lot of the guys just don’t trust it anymore.  No one wants to talk about BeeCrash since, you know, the Big Betrayal. And Ethereum. I don’t even want to talk about Ethereum. What little stomach contents I have just surged into my mouth a little.

Once we’re out, we pray to Karhu we won’t have to make a mad dash back to our 200EMA foxhole. If the bears bring even more leverage we might have to dig even deeper.

If the coast is clear we’ll make a mad dash to the 100EMA. I’ll call you then, Mom, I promise. If we get some long-awaited shore-leave far above the 100EMA, I’ll come visit straight away. Meanwhile, I’ll try and write again soon.

Love,


P.S. Send more of those lightning-nodes. They were tasty, but not nearly enough to sustain me.

This whole price discovery process reminds me of that Fight Club scene:

"I felt like destroying something beautiful."

We all know how the central banks fared at the end of that movie.

"It's only after we've lost everything that we're free to do anything."

7000! Where's our memes?

Get the 8000 memes ready. And most especially $10k.

All those late-to the-party pansy whiners who were wishing, praying for a correction to load up on, here it is. Load up!

The magical Bitcoin time machine only comes around once, twice, three times at most...

I'm getting real close to panic buying. Last time that happened was the drop from $3k to $1.8k.

Edit: If it drops to $5k I might sell the house. 

More importantly, who's not buying at these prices and why?

My wife brought home a giant vase of tulips this week.  Been watching them bloom in concert with this correction.

She has no idea the significance.

Ah well...

What's better than roses on a piano?

Tulips on an organ! 

Welp, I think I see the floor...

Below all the muck, piss, and tears and BobLawblaw's beer shits and

--ope!-- there goes Tera sacrificially tossed over the edge, sorry buddy, we should have all listened to you more...

Take r0ach with you please, though... And kwukduck, too.

Yeah, that was barely even a pinprick!

This is not the sharp-bottomed high-volume turnaround I'm expecting. It needs to be louder. More to come?

Panic hasn't quite set in yet... this still looks like a very well-measured capitulation, with a very polite exchange of hands between bag-holders and reloaders.

Still only half the volume of the previous two big drops since ATH.

I'm guessing we need to be a bit closer to Chinese New Year for full panic mode to hit, although I really wish we would just get this Brazilian wax job over with and be done with it.

Do it again. I've never been so happy to see the price rise $100.

Feb 16 is also Chinese New Year