ColdMetalAlchemy

ColdMetalAlchemy

The end is nigh for digital currency. Bitcoin will never see $12,000 again. The Party in equities is also about to end like the Hindenburg and mankind will reap the rewards of all that it has sown in the process of helping the Chinese Communist Party install socialism and persecute Falun Gong around the four corners of the globe. There is a lot of money to be...

ColdMetalAlchemy

The number one thing to understand about what's about to happen is this: Bitcoin is not bullish. Bitcoin is not bullish, but price is going to go up. It goes up for the same reason that the knife on a guillotine goes up before it drops and severs heads. You shouldn't have faith in cryptocurrency. Whatever brought it to this world, it is not what it once was. If...

ColdMetalAlchemy

Gold follows a surprisingly similar pattern to Bitcoin in 2016 during the beginning of its run up around $2,900. The dump from $2,900 to $1,800 almost wiped a lot of people out. It did wipe a lot of people out. Mostly, a lot of people got stopped out "managing their risk" at the point where it bounced. Then the market makers laughed and sent Bitcoin sharply...

ColdMetalAlchemy

The reality is that the metals market makers are absolute savages. But the reality is simply that the retail mentality is wrong. You are taught to be fearful when you should be greedy and to be greedy when you should be fearful. Staring at the charts all day and losing money trading consolidations only reinforces these bad habits. The truth is, Silver will fall...

ColdMetalAlchemy

The death of socialist United States Supreme Court Justice Bader-Ginsburg is a wildcard thrown into the mix during these difficult times. The reality is, President Donald Trump and the people working towards the elimination of the Chinese Communist Party will move to install an upright Supreme Court Justice in advance of the November election, as much of whether a...

ColdMetalAlchemy

For 20 years, the market has never had anything but dips to buy. Even the 2008 "Financial Crisis" was just a dip to buy. Even the March illusion of a pandemic was just a dip to buy. However, a pendulum always swings from one side to another. What throws people off and makes trading so difficult is that you can know: Where the market is going What direction...

ColdMetalAlchemy

These markets will not make life easy, especially if you're trading with leverage. The reality is, markets across all asset classes are in big trouble for bulls. The unrest in the United States as the showdown between President Donald Trump and the human race and Joseph Biden and the socialist Democrats and the Chinese Communist Party behind them is about to get...

ColdMetalAlchemy

Bitcoin's last two daily candles have been meme candlestick doji patterns that everyone likes. Sentiment has turned bearish and too many people are trading the consolidation. In reality, a raid on the previous high of $11,091 is very likely during the weekend session before futures re-open. Expect Monday through Wednesday to be scary across maybe everything...

ColdMetalAlchemy

The week of August 17, USDCAD had no high. Its open was its high. It then waterfalled down to under 1.30 before bouncing. That low was never revisited. After FOMC, I'd say everyone is expecting a quick return to bull and a quick return to dump town for the once-mighty USD. I'd say they're right, but not before we see some good ol' fashioned manipulation. Long a...

ColdMetalAlchemy

Natural Gas has no reason to not trade higher than $2.7. On long time frames, it has already long since turtle souped the $1.6 low. There's a nice fat previous high right below a big figure at $2.9. $1.85 is where you want to see it, and expect to see it do what GBPJPY just did on the four hour. You even have the luxury of a tight stop and a huge RR.

ColdMetalAlchemy

I don't know much about this company or if it's legitimate. To be honest, I have skepticism about anything resembling its business model, specifically, anything that's supposed to become big as a result of the hysteria around the Wuhan Virus pandemic. However, I'm a big believer in leaving the technical analysis to the savants at the large firms and letting it...

ColdMetalAlchemy

Cryptocurrency isn't something you should have faith in. You should understand that this market is subject to "3E": Embrace-Extend-Extinguish and is currently in the "Extinguish" phase. There is nothing decentralized about today's cryptocurrency. Crypto is mostly a tool that provides blood to the Chinese Communist Party, and subsequently, its days are as...

ColdMetalAlchemy

On July 28, United States President Donald Trump issued an Executive Order under the Defense Production Act that Kodak would be transformed into a pharmaceuticals company with the help of a $765 MM federal capital markets blood infusion. Afterwards, the Democrats/socialists threw a tantrum and found an excuse to attempt to conjure the return of manufacturing to...