eXtremeProgramming | Hyperledger* | former Pivot | Kubernetes core | 𝕊 Agent | Cipher* | ʎɔɐʌᴉɹd
Texas
Joined April 2020
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$LINK did not drop low enough to trigger my next allocation
I decided to go ahead and allocate a total of 75% of my fund here because it’s impossible time the low
I make mistakes every cycle, but the kind of mistakes that seem big at the time and seem small in the long run
right now we're at the very top of a multi month channel, exactly at the top, there's no way we go higher....right? I thought we were in a bear market
the channel started on 4/20
1
2
40
Is this a familiar pattern?
are we about to head down toward the $50k's on that last leg?
a perfect bounce off the bottom fib to barely sweep under this bear cycle's low and then headed back up to ping the 23.6
will it continue the up past the 236 or head right back down for a new all time low and capture all that OI below?
The Fibonacci retrace on this was insanely accurate, created this on June 18 (added additional purple lines later)
wonder what happens if we drop to $59k
Brian Armstrong, CEO Coinbase says his gut feeling is that the bottom is already in, many others feel we go into mid 40's
right now the raw electricity expense to mine one BTC (not the full all-in production cost) is ~$48,253
It serves as a theoretical price floor because miners can keep machines running (even at a loss on other costs) as long as BTC price > electricity cost
en.macromicro.me/series/8193…
