The lyrics of this video hits hard.
Take good care of your parents while they are still alive, so that your days may be long on this earth that the Lord your God has given you.
@bramcohen What do you have to say about the kidnapping of the president of an independent state? Or perhaps you could shed light on the topic of pedophiles and cannibals from the upper echelons of Western society? Once again โ stick to crypto and leave politics alone!
Checking in on Bitcoin's power law in GOLD ๐ฐ๐ช
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This is seriously a historic 'Black Swan' for the BTC/Gold ratio.
Whether we are experiencing a precious metal bubble, soon to pop, or a true transition of the monetary order (a la Ray Dalio), next moves imply huge BTC gains.
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The current quantile is approximately 10^10 (0.0000000001%); illustrated by how far we've dropped below that 1% line. This is how rare and unlikely BTC's price in gold is to far this low - a true outlier.
Either the implied price shoots up to its 50th- 95th level ($200k-300k range) due to gold's current value, OR the ratio lifts off again as gold cools (similar effect) due to rotation into BTC from gold.
It's called holding the world's hardest asset, people.
The "Altcoin God Signal" is flashing.
Momentum has already broken out and is vertical, but Price is still lagging.
Last time we saw this divergence, Alts went on an 800% vertical send.
The rotation is imminent - History is about to rhyme.
BITCOIN IS TRACKING LIVERMOREโS LEGENDARY ACCUMULATION CYLINDER.
Accumulation. Breakout. Stage 8 vertical phase.
Most people only recognise this pattern after the move.
Miss this phase and you donโt miss a tradeโฆ
You miss a generational run.
Structure over opinions.
I don't actually believe anyone uses this as a technical indicator, so it's probably coincidence, but it's interesting that the +2 year line acted as resistance and now the +1 year line is acting as support.