Trader (for mental exercise)
Retired Scientist (microbiology & analytical chemistry)
Like to travel drink good beer
Yogi, Gardener, Chef
You got to be well-rounded to live life fully.
As Rektember draws to a close
The seasonal's actually point up for Q4
Santa Rallies are real market phenomenons!
But is this time is different? Could we have actually topped??
Compared to the tech wreck of 2000
You can see the initial drawdown was around minus 40% from the top
We then got a mini bull run, a recovery wave.
About the same 40% in an upward...
Are we going to get a halvening before the Halvening.
Ethereum priced in Bitcoin is giving us the headsup that things are not right in #crypto world
After being so strong for so long
we have broken down through our stop loss for a Bullish #HVF
and now appear to be spilling towards legacy ratio's
if #Ethereum does go on a tumble
expect your #altcoins to...
"The Fed sees no recession until at leat 2027 and a very smooth landing"
They are either ignoring blatant economic indicators
Or straight out lying to the public, and the media.
As this chart shows.
When Housing starts go down
and unemployment starts spiking
a recession almost immediately follows .
If I can see that with no economics background, no MBA, or...
Explain to me
Super UGLY candlesticks
The corn and #crypto not looking like they wanna go up
not even sideways
but actually some down for a little while
curious since we had such great news a few days ago
The major head and shoulders is there for everyone to see
the sub dollar target is with a log scale target
we have seen large projects completely roundtrip
so tell me why not?
in the world where Avax is to drop 90%
what price will #BTC and #ETH be ???
Look at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T
You don't have to be a genius to see how beautiful this correlation is.
And how sensitive #BTC is to excess capital in the system.
As a risk on asset
When ppl have easy money to gamble with , a portion of that ends up in the...
YEARN finance was one of the big winners last cycle sucking in many people into the overcomplicated Ponzi
Like #HEX it helped formed DEFI 1.0
will it be around when DEFI 2.0 comes is born has a bull cycle
$100K was an obvious trap
But looks like there is one last leg down.
Looking like Oil is on a path to continue to outperform Gold
regular target is 2.5X outperformance
This is quite troubling since Gold is on the verge of a triple top breakout versus the dollar
will Oil even be freely available in 20 years??
New energy technologies?
*Note #BRK does own Barrick Gold #ABX
Very interesting chart pattern
25 years in the making
The close of September should mark a confirmed breakout, of Warren Buffet's famous holding company, against Gold on a quarterly basis.
More evidence of a Melt Up in paper assets? And the continuation of the Bull market in the "roaring 20's"
If this is a continuation...
Useful trend tool
that allows price and time to be combined on the chart
giving support and resistance fan lines
as the price action has shown it has used these lines quite clearly these past two years.
to use keep the 1/1 line at a 45 degree angle
If it repeats it's performance of the last cycle.
could we see 1 link trade for 0.0025 of a Bitcoin
at $100K Btc price this equates to a $250 USD value for Link
The problem is the trap in not being able to exit effectively at these prices due to thigh volatility and minimal time spent trading at these ratio's
So discipline and a plan is required.
The risk is that Near test's the all time lows at 50 cents
The reward for a move back to 61.8%/50% retracement is getting close to a 10X
All time high's back in 2025 20X
Are these optimal prices for the ultimate ROI???
We don't know of course!
But trying to nail the bottom on these coins is a dangerous play.
If we DCA into our favoured coins , we do actually...
This coin and ecosystem still has life as show in in the charts.
Even if its just a network to move dollars around in SE asia
That's a good enough usecase , considering the size of the population in that part of the world.
Therefore the gas token #TRX would very much be needed.
and positive price actions, sparks speculative juices which feed on the price.
Good show of strength today from #LINK
Otherwise know as Painlink!
But the pain could be over soon
If this falling wedge prevails as the main over arching big time frame Pattern,
that triggers and kicks off #crypto SUMMER
Seems, clear to me the obvious answer is YES!
So let's cheer on #STONKS cracking 5,000 on the #S&P
As we would likely see risk be fully turned on, and cash to flow into the #Crypto space.
I think the #Economy stinks
but that doesn't necessarily mean assets can't go up in number.
There are plenty of examples where this is the case.
Watch the calendar not
Hard to implement.
But it's the only way to keep your sanity investing in #Crypto :)
We have had double bubble's
marginally higher high, double tops
what next a rising wedge top, triple top , a clean head and shoulders?
all that we know , we must fear the euphoria and fade the crowd.
Nice head and Shoulders on the United Parcel Service
#UPS and FEDEX are the new dow transport indicator.
An underlying determinant of how the consumer is faring
Since the US is a consumer economy and Online shopping is the majority of retail
if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate
it would give your non...