WATCH CME GAPS

“Bitcoin shows incredible potential as a computer science tool that through the proof-of-work protocols is actually imposes more cost than just the algorithmic securing of networks and our ability to operate. And Bitcoin is a reality. It is a valuable computer science tool as a power projection. And outside of the economic formulation of it, it has got really important computer science applications for cyber security.”

“We got to talk about what is going on. We have Iran firing on new ships, but the markets do not care. They are shrugging off these worries, and Bitcoin now going to the very top of the range that we gave you weeks ago. The markets are looking freakish right now, it's getting crazy.”

“This is a 79-day-old CME gap. This daily chart on the Bitcoin CME... if you want to find this for yourself, you type in BTC1! and then don't look under crypto, look under stocks. You'll see this is Chicago Mercantile Exchange. They closed trading on Friday, and they open it on Monday. When there's a gap, typically those gaps get filled, and just now, we are starting to fill the CME gap all the way up to about 81k.”

“If we pump up to 85K and then have a drawdown of 30%, that'll make a lot of bears really excited, and they'll be very serious about that 30K, 20K mark, but that would literally only bring us to about $59,000 on Bitcoin price. That would re-prove that bottom of the candle that we just went through when we cascaded to the downside and that Max Fear moment happened. A 30% drawdown from that generalized slight overshot only brings you back down to the flat line of this range.”

“Animal spirits feel like they're back. And then I start looking for what's the animal crypto project. And the Pudgy Penguin, remember the penguin that just walked off into the mountainscape too? The penguin meme has not stopped. So this is kind of on my radar now, especially with this last move, and Luca Nets knows how to make revenue.”