Daily crypto hate: the old models have to be updated.

Hi :)

I love doing those.
Crypto is different, "true believers" are right, so we must adapt the wall street cheat sheet to it.
Here is how it looks like adapted to crypto.

Keep a good eye on this trendline, that dates back to MtGox:

It will be at 6000-7000$ by the end of the year, so sooner or later we will have to test it.
Bitcoin cannot stay stuck in complacency in the same area forever.

I got the idea for this post in wallstreetbets discord, with this picture someone posted:
cdn.discordapp.com/a.../Djn03iqWsAAJxp3.png

This is it for today's dose of "hate" towards crypto.

Comment:

This might actually be what is going to happen...

www.coindesk.com/mt-...habilitation-claims/

Miners AND MtGox early majority up 1000% ?

Comment:

People sure do not like seeing things like this and when you tell them "You should be prepared for everything" they go like "oh yeah yeah I know it could go to 0" (well alot of people say that is impossible), but the people that say "I know it is risky" they so do not believe that.

Whenever people are persuaded something can not happen, IT ALWAYS ALWAYS ALWAYS happens. Time and time again this happens.

And when it does, what do they do? Panic. Surrender ("Germany will never attack through the ardennes").

No crypto hate idea for today, but I have the next 3 ones ready :p

Comment:

Top ideas on trading view this 26 / 08 are all saying "we go up" "Bitcoin bullish" with targets super high...

"We are at the bottom"
www.tradingview.com