Repetitive complaining will attract things for you to complain about. Repeated gratitude will attract things for you to be thankful about.
I’m not dead
I had to take a short hiatus because of mostly personal stuff.
In contrast to William James and his radical empiricism (no set of experience has authority superior to any other set of experiences), I like to disparage my inconveniences as difficulties that come along with privilege.
So I’d rather express my gratitude and thanks for what I have, than bitch and moan about a pebble in my shoe.
With that said, CoinSheet will be returning to its regular (regularly late) weekly scheduled programming.
I last left you with this.
And below is an updated view.
Bitcoin price hit the 61.8% fib resistance (red level in the photo above)
Dropped on the weekly TD9 to the ~7,500 support level
Rally pump, and exhaust itself at the 32.8% resistance level (~13,500)
Dump 30% and find hard support at the previous 61.8% fib resistance
And is now currently sitting on the 50% fib resistance
I haven’t been following Twitter much lately, so I’m not entirely sure what the sentiment is, but I did share this tweet about a week ago.
I really don’t think we’re going to see another massive 80%+ bitcoin downside correction.
The reactions to this tweet lead me to think that people think 80%+ corrections are normal or that people don’t aren’t accurately estimating the market maturity of bitcoin.
Here’s an exchange with Vortex (hardcore bitcoiner, cool dude) where we disagree.
Vortex@theonevortex"This time it's different". Remember #bitcoin's market cycles are priced around its halving. We'll still be having huge pull backs all the way up to the 6 digits. If you think we're not going to correct from $100k to $30k I got a bridge to sell you. https://t.co/rWv022YQoS
Vortex@theonevortex@Dmitriysz "An 80% correction would be a disaster " *looks back on the 4-5+ 80% drops in #bitcoin's history* Nope, wrong.
What do you folks think?
I’ll just leave you with this food for thought.
To the folks who keep saying that bitcoin is still a young baby, the euro is about 20 years old.
Bitcoin (Macro Overview)
We’re about ~317 days away from the next halving event.
We’ll be taking a closer look at the markets on Monday.
That’s all for now.
See you later space Cowboy