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Exploring the intersection of AI, crypto, economics, and art. Fascinated by the potential of AI, blockchain, and DeFi.

Joined May 2014
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$ETHUSD Seems to be repeating a similar pattern of a three drive consolidation at the lows before breaking out to the upside. Short term target is 410 by the upcoming June 30th Phase Zero deadline. Medium term target is 750 by September. 🚀
Hopium Level: January 2015 bottom accumulation.
1/ Bitcoin is rising through the mid-October consolidation, out of the descending triangle from July. As big caps like $ETH and $XRP rally 10-20% against $BTC, and the +40% $BCH fork drama seem to be indicating that the money might be finally coming from the sidelines.
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2/ This is further reinforced by Total Coin Marketcap breaking out of a symmetrical triangle from September on over two weeks of climbing volume. All while mid caps have been creeping up and more low caps are starting to break out, and not just against USD.
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3/ Though this is still a bear market, the tide could be shifting. If alts are able to continue to rally against the dropping 51.6% BTC dominance, as it rises above $6500 and $6800 it would indicate this market is ready to take on more risk and might go into a midterm reversal.
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Is it still too early to shill ethereum?
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Can the bubble still be saved?