Haha!  Yes.

We are pretty close to being able to declare that model as broken.  It can still end up valid from here, but at this point that is in the very unlikely category.

I have never been a big fan of the model, and thought it would break on this "cycle".

But I, the consummate BTC bagholder, expected it to break to the upside.

So our magic line in the sand is something around 29250.  That would be cool if it holds, but the way things look, I would expect we are more likely to go lower than that. I wish this felt bottomy, but it really doesn't.  I almost bought a little last night, but did not ...  The streets are not bloody enough yet.