Rhythm King
@RhythmKing
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Abstract expressionist. Art lover. Family fund & fun manager. DJ. Collector. BTC. Punks 3330, 6338, 8917. PNKSTR. PAINSTR. GVC. Banner: OVERLORD by XCOPY
Joined June 2009
This line is the best shot of hopium I’ve had today. I sat through the btc crashes of 2017, 18, 20, 21 and 22. This feels the worst bc it’s the hardest to understand. It's also peak fear. We could still go lower as in '18 and '22, but we’ve typically had a bounce first after
$BTC weekly Flushed deeper into HTF support than expected, but it didn't break. Still lots of time for a potential February recovery back into the 70's. I'm bidding and letting it cook.
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It was an honour to guest on @justinaversano's Moments of the Unknown today. We talked punks, Warhol, photography, music and the windiest city in the world. Thanks to those who tuned in 💙 Here' the recording here if you missed it!
Join us tomorrow with special guest @RhythmKing!
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PNKSTR's cheapest listings are getting close to the floor. Token burn imminent. 16 punk sales in the last 4 hours.
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Really looking forward to joining @justinaversano on Moments of the Unknown tomorrow!
Join us tomorrow with special guest @RhythmKing!
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BTC in one chart: - 200 week SMA (blue line) is $57,884. This was support in the 2018 bottom and Covid Crash (one quick wick below) but didn't hold in 2022. - It's a potential bottom but the extensive trading history in the 60s through 2024 and 2021 ATH at $69k make me think
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Update: The Chicago Fed has revised last week's -0.6 NFCI print to -0.56. This happens as updated data comes in. Less bullish but trending in the right direction. This week's print is -0.557, a similar level to Sept 17 and Nov 20. I think BTC is going lower (my guess is mid
And here we are. While the focus has been on JPow this morning the NFCI has just printed below -0.6. NFCI is a composite measure of 105 indicators tracking U.S. financial conditions across credit, leverage, and risk metrics. Negative values indicate looser conditions with -0.6
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I called an ultimate bottom in the 60s a few hours ago.... but this unconfirmed Bottom Reversal combo on the daily, with the first bull div of the year, leaves a glimmer of hope that the Wyckoff accumulation could still play out with today's wick the spring. Confirmation of the
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BTC weekly RSI is just above 30, the level that marked previous bottoms. NFCI < -0.6 and ISM print yesterday at 52.6 are conditions that have fuelled previous explosive bull moves. But stonks are stuttering and, other than the Covid crash, BTC has never experienced a broader
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Happy anniversary to my wife. A supportive SO is critical to success in this space, especially during savage corrections like the last few months. My wife's maintained faith in my conviction and signs off our art buys. Obvs she has impeccable taste. She chose Punk 8917 for her
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