mlnzigzag

mlnzigzag

As I anticipated yesterday the dump in this idea , we can confirm that just as at 40k, there is no buyers interest at this stage. This is probably just the beginning of the dump. If you wanna know how I think it's gonna play long term read the related idea or this medium post .

mlnzigzag

As we all know, the market doesn’t like when Bitcoin and other Proof of Work crypto’s environmental impact come to mainstream attention. When Elon tweeted about BTC environmental impact in May, we witnessed a -48% legdown in 5 days. (snip) According to this chart from my colleague Zen, we are at the end of the 4-year bear-bull cycle. This chart was drawn by...

mlnzigzag

At this point, bitcoin can either start ranging between the levels I marked as "Jude's resistance" or breakout and consolidate above it. The second option is for the bull case. The first one leaves open both scenarios. A sudden breakdown and consolidation below 40k would lead to a cold crypto winter, with retest, and maybe breakdown the current Microstrategy...

mlnzigzag

I only add one note: the "you will need KSM if you want your place in the DOT ecosystem" was public weeks before the first set of auctions was announced. What else, the chart talks by itself. I can figure it will grow for a while then a slow selloff will be coming. But remember KSM already proven a lot of times it can go up even while the rest of the market goes...

mlnzigzag

Here you get a brief FA wise outlook of recent Mr. Musk's interactions with $BTC. As mood turns bullish, market showed interest for $37.5 price level yesterday, I like the candle and the volume. As many expected a deflating market in August, I started thinking it could go the other way around. Right now, $ETH is driving it. Let's see if after London it holds. Till...

mlnzigzag

It was Year 0, Day 14 a.E. when I've had to feel once again that ugly feeling: to be surrounded by idiots. Pepole that looked wise and balanced just 12h before started talking about selling off, short down to 0, screaming suicidal wills. As many times when there is FUD and bad mood around socials and chats, I told friends not to sell a dime, then snoozed off....

mlnzigzag

Bitcoin genesis block was mined on January, 3, 2009. This asset is absolutely unique, with its embedded inflation control, blocks are harder to calculate and produce less reward-per-work over time. Bitcoin defines and describes how ridiculous the current financial system is, and provides a rock solid solution to the need of trust, substituing the...