bitcoin bros seething, coping, malding, and wondering why money going down from when they fomo'ed in at 69k target has been and will be 50% retrace minimum lul
In Tokyo next end of June for a few weeks, anyone got recommendations for places to go and things to see? Betting COVID gone and JPY weaker.
Seeing two paths for BITSTAMP:BTCUSD here, if we presume another momentum/hype driven push is on the way. There aren't many fundamental changes possible besides the halving, which matters less and less as the maximum supply draws closer; exponential decay is in play here, and I believe Cathy ( AMEX:ARKK ) is overestimating the bullish effects of the latest...
BTC fractal? Would be fun to see it play out! This is a common pattern, but rarely do we see it played back to back. 3 in a row would solidify BTC as a one of a kind hype train.
Most people know, but there are only two relevant zones in VIX that foretell economy volatility (and the scariest buzzword of them all - a recession). Bears love to say the market will fall tomorrow, then next week, next month, next year, next presidential term, etc... until it finally happens, and they tell you they saw it coming all along. Meanwhile, their...
In the last few years, I got hit by a car while riding my motorcycle, graduated uni, and visited Korea for the first time in a decade. So, nothing much. (>Blog, feel free to skip this part.) I barely had time to breathe, so I liquidated everything and completely exited the market (and bought a used Porsche). But I always missed trading (and making money), and my...
First post in a long time. COVID had me too busy to do charting. Most my investments sat through in ETFS and REITs. VIX is showing same pattern as in early 2000s, 2008, 2010-11. Market doesn't like it above this line, tends to test then bounce.
Embrace risk! Brace for the storm! Etc. Weakening, last stage before arecession is commodities driven up to unfeasible prices slowing global economy. Nothing new. Just know it'll come down as fast as it went up.
Yeah, I could see it. Dunno if it'll happen, but I definitely see it. Good setup for a pullback in the least. Given how Feds are at the moment, what stops a crash?
A half-year or so would be a good time to visit the homeland, I think. No promises how it'll do outside of the triangle. I've seen it break both ways.
See previous charts! Figured any break under our last level will see $18,000. Blue lines and the action above it clearly denotes this. Hope everyone made some easy money on the way down! I now hold a neutral bias.
Check my profile to see my last chart for BTC. Woke up today to see we hit the 29k support target! Always feels good to buck the trend and see it realized. Hard to tell where it'll go from here, let's first see how traders react to the support. I hold a bearish bias.
Empty head no thoughts potential routes with no certainty for any yet
bing chilling! i miss china so much, but who on earth would want to be there right now while the ccp is having a meltdown in international relations and covid mitigation. keep it simple, keep it free. just let the people be. a little bit of my heart will forever belong to shenyang and dandong.
long term trendlines and other magic squiggly lines, as well as fundamentals you (should) know about. can't wait for NFT's to shit the bed soon.
Shame it wasn't reality. Oh well. Watching for trend break before anything. Log charts make everything so neat. Almost like they make sense.
Why wouldn't it? Before making the costly move to renewable. Storing up insane amounts of coal and burning through them rapidly. Chinese reports are sketchy at best, so funny enough the best news comes from expats living within them. Great stories. China is bulking resources and commodities, burning through reserves to do so. They believe it's a worthwhile gamble...