Supply keeps growing, production keeps growing. Everyone is trying to sell now while they can get these prices.
Many US producers who have contributed to the huge run up in supply production are profitable at ~30USD/barrel. They're very happy to keep pumping.
Opening the next round of shorts today. GL all~
As in, we're not going to go make a new high from here as we did in May.
News is PBOC is going to manipulate Yuan in a way the world will be OK with. Well, the problem is that is not what kicked this move off, the new round of tariffs and feeling of no progress in trade talks. That has not changed. Also, suddenly we're happy about them manipulating their...
BYND Is not going anywhere in this space, but the current valuation is insane. Looking to do 250 million in sales, there is no way the current valuation ~14 billion makes any sense.
The only thing allowing this to pump the way it has is the stock lockup which has been hands down the best decision their CFO has ever made.
Either way, there is insane reward...
As Chubs says from Happy Gilmore "Just tap it in"
All you need to do here is give Bitcoin a little Stacky-Sat-Tap. Put in your bids and average in to position for the next leg when Fidelity and Baakkt launch their exchanges in Q3/Q4 (cointelegraph.com).
Who knows, maybe Bitcoin is actually in the Leprechauns' Pot which is why we can never find it.
This is a great time to average in to a position/accumulate (stackingsats) for the next big leg up. I don't think we'll see it start to build until Fall, so not a race here. Put in bids, have your auto buys on and walk away with some extreme alerts. Just don't give...
Bitcoin loves you to love it
Bitcoin loves you to hate it
Bitcoin doesn't care because it loves itself - 1 Bitcoin = 1 Bitcoin now and forever.
These moves pretty much always play out the same. Runs up really fast and media goes wild. Then we get a sharp 'drop' that every Peter Schiff will tell you is the top of the ponzi and they to told you so, now buy Gold the...
With the recent news that Binance will restrict USA clients from trading on their platform I expect to see a pretty decent wave of capitol flowing from ICOs/Dap/anything not already traded on US regulated crypto exchanges, to those that are.
Bitcoin should benefit the most, exactly the type of catalyst you would expect to kick off the next major bull cycle.
US producers are going to war with OPEC. There are many companies that are profitable at $30/barrel in the states. They're ramping up production. DXY is still trending up as well.
(I) Supply and Demand.
Supply increasing at a cheaper rate
Market takes the blue pill, the story ends, China deal is done, you wake up in your bed and believe whatever you want to believe.
Markets takes the red pill, we stay in this Wonderland, and figure out how deep the rabbit hole goes.
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (twitter.com)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going...
I believe we have found our consolidation zone. If we look back there is still a possibility of ~30% panic washout yet, but more or less we're in the zone. It's going to be a while so I'm not in a giant rush, which is nice because:
1) Allows one to place some fishing bids around wick zones.
2) A good time to spread out buys, no rush.
3) Be on auto-pilot,...
One of these trends is about to become the dominant - Big move coming one way or another:
A) Washout 6k floor, test 4k - 4.8k
B) Break out of bear trend, need ~10k touch to confirm.
GL (I'm hoping for bullish breakout, but prepare for the worst)
In order to paint this picture I must fast forward -
Scroll down to next dashed lines if you don't care about setting the stage.
It is November 1st 2022, the entire legacy world economy is in free fall, a mixture of events lead us here:
* Iran's people successfully rebelled against their financial oppressors reclaiming...
What a year for $LTCUSD up 11,700%!!!
Litecoin and Charlie Lee get it, they know where crypto is going and see the massive tsunami of users coming in and they're helping build the platforms that will better on-board this tsunami. I'm sure you or someone you know has been stuck for weeks trying to get confirmed with Coinbase Gemni Stamp you name it. There are HUGE...
Lot of people out there who have never made a single Bitcoin chart until the last month when CNBC, Bloomberg, Yahoo, you name it suddenly became "Crypto Professionals" Well, here's one for all the bears ;)