MSTR - Ponzi Loop Will Crash & BurnEvery now and then, I like to say that greed eats brains for breakfast. In the case of MSTR, though, it seems to have state approval to do so. How else could MSTR still be kicking?
There’s nothing to chart here. Nada. Zip. This is pure pump-and-dump economics born out of the "perfect storm" of circumstances.
Fast money? Sure, it's fast—but definitely not sustainable. It’s also a foolproof recipe for losing not just your shirt, but your pants and maybe even your dignity. Remember GME and all the other “get rich quick” lemming programs? Only a microscopic percentage actually "got rich," and an even tinier fraction stayed rich. Most of them? Just cautionary tales with a hefty dose of regret. Sorry, gamblers… err, "investors." §8-)
Instead of betting the farm on people like Michael Saylor, how about this revolutionary idea: use your own brain. Learn chart analysis, develop real skills, and slowly build up a nest egg that’ll still be around when you’re old and gray.
But hey, who am I to judge?
MSTR SHORT until 0.0001
Ponzi
TitanX is better designed than #HEX and #XENControversial Take I know.
But not really surprising.
We are used to seeing our phones getting better every year.
Hex was designed by Richard Heart well over 5 years ago -- and was amongst the first generation of Yield and self storage #DEFI protocols.
XEN was a fair launch idea... mint your own supply.
A slight improvement on HEX... but disastrous in price.
On #Pulsechain we have seen numerous projects launch pre funded, with token sacrifices with with horrendous price charts.
TitanX has fairly launched on the most battle tested blockchain.
U mine your own supply.
But the miners have a real cost to them. so the system cant be gamed by a couple computer nerds like in Xen and create a horrible price chart.
The dividends could entice people to believe they could potentially generate side income with this system. #Pumpamental
There is scarcity and mining difficulty built in of course.. #Pumpamental
Already on social media I am seeing the beginning of cult like behaviour #Bullish
So the more I scratch the surface of this protocol
The more impressed I am with the thought that has gone into the design.
This could definitely blow up in my face,
and potentially your face if you decide to interact with this protocol, and the Ethereum gets rugged.
It has been audited 3 times... but i have not got to reading those yet...
So proceed with caution
but also optimism at the potential this indeed could go viral. Or at least attract quite alot of capital....
Let's take it month by month
BNB 2days/candle Binance Ponzi 50% correction🔸Hello traders, let's review the daily price chart for BNB today. Prior strong downtrend
conditions then compression into rising wedge in downtrend signals further losses.
🔸BNB CZ took down FTX previously, however as a domino effect now Binance is
under heavy scrutiny by global regulators and SEC in US. Things are not looking good
for Binance and the Ponzi BNB token, previously artificially inflated by CZ/Binance
manipulations is under heavy sell side pressure. expecting 50% correction.
🔸Recommended strategy for BNB/Binance bears: Short the Ponzi token at market,
after breakdown of rising wedge we are hanging by a thread near 200/220 USD, once
this final S/R is broken, free fall mode until 130/140 USD, expecting a waterfall dump
and deflation of the artificially propped ponzi BNB. final TP bears is 130/140 USD.
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Why is APEcoin still in Top 100 Cryptocurrencies?!?!If you haven`t read the APE Coin Growth Thesis:
Then you should know that APEcoin's current market cap of $2.3 billion and its position within the top 100 cryptocurrencies seem overinflated and unjustified. The project's reliance on non-fungible tokens (NFTs) raises concerns about its intrinsic value and utility within the broader crypto ecosystem.
Unlike other cryptocurrencies that offer tangible benefits, APEcoin's NFTs fail to provide significant value. While NFTs have gained popularity, their long-term sustainability and practical applications remain questionable. APEcoin's NFTs lack a compelling narrative or clear use case that would justify its market capitalization.
In contrast to APEcoin, top-ranking cryptocurrencies have solid underlying fundamentals, offering functionalities such as decentralized applications, smart contracts, or efficient cross-border transactions. APEcoin's limited value proposition puts it at a disadvantage in the highly competitive crypto market.
Considering these factors, a market correction or revaluation for APEcoin appears likely. A more realistic price target of $1.04 is in line with its current value and potential market demand.
Looking forward to read your opinion about it.
ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
TON Toncoin has been classified as a security by the SEC !The SEC's classification of Telegram's Gram (TON) as a security highlights the regulatory scrutiny surrounding certain cryptocurrencies. This classification implies that Gram tokens are considered investment contracts, subjecting them to securities regulations and requirements. Such regulatory actions aim to protect investors and ensure compliance within the evolving cryptocurrency landscape.
It reinforces the importance for cryptocurrency projects to navigate the regulatory landscape diligently and ensure compliance with applicable securities laws to foster investor confidence and industry growth.
My Price Target for TON is $0.73.
Looking forward to read your opinion about it!
TRX Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it.
SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...
The reason for the potential collapse of TRX Tron is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT.
The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange.
In my view, there appears to be a significant downward trajectory ahead.
Looking forward to read your opinion about it.
It’s the hard block lifeIt’s the hard block life for us.
It’s the hard block life for us!
‘Stead of breakouts,
We get bricked!
‘Stead of growing,
We get grift!
It’s the hard block life!
It has been a tough week for crypto, so I have been meditating upon my 3D-Printed Shiba Inu Statue and this revelation of a 3-year exit plan came to me. It will provide me a reminder of the common sentiment and signs throughout the next cycle to watch out for if things repeat themselves yet again.
I believe the only real value that bitcoin has provided to the world is the halving events. If bitcoin never had halvings then no one would’ve ever cared about it. At the end of the day, all humanity wants is a good ol’ Ponzi Scheme.
But bitcoin is no Ponzi Scheme, no, it’s the greatest Ponzi of them all. Because it has a guidebook on how to actually make money from it embedded into it. The pattern has been very simple every time, buy before the halving, sell about a year after. But if it’s so easy though, then why do people loose money?
Well, the greatest challenge is falling into the trap that bitcoin will actually change this world for the better and revolutionize currency and end tyranny and money printing and inflation and taxes and government corruption! Lawl naw.
None of that really matters to people. All anyone ever wants is growth and liquidity. A good example is why would a worthless dilution coin like doge get a huge pump like it did the past couple years? It's simple. The new gen missed out on those big bitcoin gains and wanted a pump of their own, so pick the most meme-able small cap crap and you will be good to go.
So, let’s look forward to the next halving event to attract a new generation of higher fools, to then sell the top to because that’s what this world’s designed for! Maybe we’ll even get a new worthless coin to ride?
***
I have a feeling though that this next potential top in bitcoin could be it’s last. Crypto is continuously running out of higher fools with it’s increasing market cap, the only fools left with the large enough capital to put a dent in the price are corporations and governments. I know there’s no shortage of incompetence going around in government, so that gives us lots of hope. Imagine the irony that the governments are the ones to buy the top as everyone else dumps on them?
I also have a crackpot chart below to back up this feeling too. I don’t know what the reason for its downfall will be, maybe a great new tech superior to crypto itself comes out and everyone dumps to flock to that, or maybe our governments from a global totalitarian coalition and ban use of all crypto apart from their own FED sponsored “regulated” Inflation Coin, or it could just go stagnant and sit at the higher prices for eternity with the halving events being the only thing to sustain its value.
Many people are also thinking that crypto is bottomed now after that dump and it is smooth sailing from here, but I have my doubts. I think we could eventually see a small rally and get to May prices, but not likely to see new highs until the halving. This area seems to be a good accumulation area though, but I won’t be surprised if bitcoin can hit 12-13k, I’ll even sell my exclusive 3D-Pinted Shiba Inu Statue on opensea to buy more bitcoin if it hits those prices.
I’m also glad I didn’t fall for that crypto “breakout” that dumped after the latest crypto ponzi scheme bust. I always had a feeling it was a phony breakout because doge seemed to be the thing fueling the rise in crypto, and as they say, “A rocket can’t be fueled by a dumpster fire.” I was curious though where the circus got all that liquidity for doge to rally so well.
Anyways, the recent flat consolidation reminded me of 2018 and the big dump following it. I was wondering if it would continue dumping to 12k area with this pennant pattern and then watch for a nice cup-like pattern to form:
It is great that everyone hates crypto again. Historically when crypto ponzi scams tank the price, it usually has been a good time to buy hard. I’m just waiting a tad longer just to see if anyone else goes bust as margin calls and bank runs tend to have a waterfall effect.
Finally, the Crackpot Chart
Fib Spiral
Now with this hocus pocus, you can see the fib spiral curiously acting as resistance all throughout bitcoin’s existence. Now we are nearing the peak of the upside of the spiral. Does this mean bitcoin will fall with the spiral? Only time will tell. Something I will be watching years from now though.
Breakout Blocks
I don’t know what to call these but they’re the purple blocks that show the previous high and end when the chart breaks above that. One worry for bitcoin is its starting to break down below the latest and thinnest purple box. This has never happened before! This shows me that the structure of bitcoin is slowly crumbling.
The boxes are getting thinner and thinner too, obviously showing less and less returns as time goes. Which means less and less interest from the hopeful gamblers!
Rising Wedges
Bitcoin likes to make a rising wedge and then break down out of that rising wedge to form a new, less steep one. We can now see that bitcoin has broken out of the yellow rising wedge and I predict it will follow something like the green one. I don’t expect it to ever cross back into the yellow wedge again if it continues this pattern.
Stoch Triangles
Next, we see the triangle patterns on the stoch that I highlighted. These are very cool and show clear moments of breakouts and breakdowns. What’s amazing is its reliability and how frequently bitcoin has done this. I’ve also seen these patterns in other stocks and when I ignored them, I sorely regretted it. IMHO it is the most reliable and powerful indicator pattern I know of for bitcoin. And it is nearing a breakout very soon, so keep an eye on that too.
TLDR: Just buy before the halving, sell a year later. Don’t believe in anything or trust anyone, especially these kinds.
1/11 ETHUSDTPERP 10mTTF,1m EC 10mTTF,1m EC
FVG+OB in a Candle Range(CHL)
Entry is a 1m close back over the blue dashed
I dont want to see a ton of chop in this range either. I want to see a straight fade to that level.
An inducement would also work.
- Invalidation is a close under the FVG start/OB -
Showing 15m bc TV wont let me post 10m
12/14 - 2/3DTTF, 3/6hEC ETHUSDT 2/3DTTF, 3/6hEC
Low risk high reward.
Looking for a sweep back into the dashed white. We already got it earlier, but risk to reward is looking much better now with this short term retrace (earlier EC now).
Safer entry would be under the dashed again but better R:R here.
- Invalidation is a 3D close over that dashed level -
AXIES DUMP INFINITY PONZI COLLAPSEAxie Infinity is a pyramid scheme collapsing.
That's a Ponzi in the collapse phase. Their Smooth Love Potion token is down 90% and in a screaming dive, and their Axie token is down more than 90% from peak. That one is going to hurt a lot of poor people in the Philippines. Many quit their jobs to play Axie's play-to-earn game. All the money comes from later entrants, so it's a Ponzi by definition.
Stay safe
Pig Market: Why IDC about the CPI8.5 prior
8.1 expected
8.24 cleveland fed estimate
??? actual
Everyone is going crazy about this CPI data like its gonna change anything. We already know inflation has peaked and will start to decline. It's doing that because the economy is slowing. The fed is still hiking and the inflation isn't going to go away fast enough for a soft landing. The markets may adjust to the data tomorrow, but it's not going to change our destiny: a recession by end of year.
Find the next peak, sell it, or short it. This moon mission is cancelled and you'll be stranded in space.
SEE THE PUMP & DUMP TODAY - THEY ARE TRYING TO KEEP AN ILLUSION.The White ascending line IS AN ILLUSION
Illusion that is very PROFITABLE FOR MARKET_MAKERS and PONZI OWNERS
So Today THEY PUMPED and DUMPED and PUMPED again - JUST TRYING SO HARD TO KEEP
THE " MATRIX " PRICE of Bitcoin from being seen for what it REALLY IS.
These Hard Pump and Dump are only PROOF OF CONTINUING CRASH - and continuing Illusion Making
By the Ponzi Owners
Doumpit ...
Pumpit again.... ;D