@R89Capital It either goes to zero, or the chart over the next couple of years looks like ETH Covid crash/SOL FTX crash and what followed each of those events. A few more red candles & a little more grave dancing on the timeline, and I’ll roll the dice on the latter outcome.
@Wild_Randomness Keeping an eye on a potential h&s. On the other hand, just had its highest monthly close ever, and current price action could be interpreted as consolidation above 2025 vah.
@boneless_bones7@DynamoXDD I’ll bite. Assuming what you say is credible, do you have any views on the surge in zcash and the narratives being pushed there (privacy/quantum resistance/capital rotation into zec from early bitcoiners)?
@TheFlowHorse I’ve been going back and forth on this for some time. Counter point is obviously that the internet was a once in a generation opportunity, but we still had the dot com bubble/bust. Is this time different? I lean cautious in the short to intermediate term; optimistic long term.
@PhilSmith_1 Not sure about your timeline Phil, but mine has been filled with higher and higher targets all week. A lot of the same people calling for much higher around mid 90s in Jan. Maybe this time is different…🤷♂️
@lindseyyok Lamar showing once again that despite being a generational talent, his commitment and drive to be a champion fail to match his on-field ability.
@TraderMotif Thoughts on that flat weekly open we left behind? I thought we were likely to clean that up before diving into the 70s. Feels a bit rich for a mean reversion bounce at this point, but 🤷♂️.
@PhilSmith_1 Yep. Maybe a little lower to take out the December lows, trap a bunch of bottom shorters while leaving that November low untouched, then run it back up to take out that flat weekly open…would be nasty work.
@pythianism I hope you’re wrong (I imagine you do as well). Care to expand upon why you currently view the healthcare HFs as more likely to be correct?