I am comfortable with the idea of us hitting $200k on the next spike.   

I think CNBC is just trolling at this point.  

You don’t put your entry just below the trend line and your exit just above the trend line.  That’s making your own life unnecessarily hard for no real gain. It’s the exact same thing they did with shorting, putting their short entry above the trend line and short exit below the trend line.  

Cross posting my wave prediction from Wall Observer:



Peak of $7250 around 2 September then fall again.  Explanation:  its the vibe.  

The slow, non-twin peak version.  I think we have had our blow off top and will hit $20k++ sometime between early 2020 and late 2021.  

Long short ratio

Long / short ratio still close to record high shorts according to my preferred calculation (lower bar = longs / shorts).  Some stung by the latest price hike but lots of squeeze fuel left.  



Accelerated recovery model

If you believe in an accelerated 2018 recovery (which I don't) then arguably we should be tracking the light blue line.  Light green line shows our current performance.  It's not completely out of the question however.  And nothing would make me happier than to be wrong on this point.  We need to jump to $9k.  Squeeze fuel would be one way to get there, which means a clean break of the current down trend line requiring a price of about $7500 (downtrend line currently sitting ~$7400).



Accelerated recovery model - zoomed out

This is what happens when you zoom out on the accelerated 2018 recovery.  Yeah.

Don't ask me, I just work here.  Target $7200.

It’s the biggest and grumpiest collection of OGs in a single spot. 

...

HEY HEY HEY

https://toshitimes.com/the-head-of-the-well-known-scam-bitconnect-finally-arrested/

Alex Jones showed viewers his phone, including his tranny porn. 

Fuck no.  


If you had to choose between a manual 911 (997 II Carrara) and a Tesla Model 3 Performance, which would you pick?

Met a guy on a flight who was telling me about his Ripple.

Said he couldn't figure out why it kept going down when it was the only crypto that banks were really using.

I didn't have the heart to tell him. 

Tesla's dark horrors:

https://twitter.com/atomicthumbs/status/1032939617404645376?s=21

Meanwhile in Bcash lol la la land:




SAD




Oh so Bcash lol has a #UANF movement now....

CNBC tweets 95% accurate contrarian indicator...

https://www.newsbtc.com/2018/08/25/cnbc-tweets-have-been-a-contrarian-bitcoin-price-indicator-with-95-accuracy/

The catalyst is breaking downwards through the exponential trend line from 2012 that supported the cryptowinter (shown above as the rising trend line).  It is somewhat serendipitous that the currrent falling trend line from peak, current support ~$5700 and historic exponential trend line from 2012 all meet at a single point.

 We don’t have enough buying pressure to sustain the 2012 exponential trend line and we should get a death cross as a result. When we break downwards through that trend line, the newspapers will say Bitcoin is dead.  That will give us enough selling pressure to break down past $5k for a capitulation.

Please don’t quote Roach.  A significant proportion of the community gave him on ignore, and they will tend to ignore you as well if you quote him.

Thank you

It seems Vitalik is attacking CSW because CSW is trying to bring tokens to Bcash lol.  

https://coingeek.com/the-attack-continues-vitalik-buterin-wants-bch-community-to-ostracize-craig-wright/

I particularly like how Calvin Ayre now seems to be claiming that tokens on Bitcoin are part of Satoshis original vision.  

I can’t keep track anymore who is on what side.  I don’t even know how many sides there are.