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The Lunatic Fringe - Trading talk.
- Thread starter Zed
- Start date
Square announced a large Bitcoin buy today market went nowhere. More downside to come might rally a bit more first.
PSLV held up well today on the non follow through in Silver today. Could go either way here for a while I see some mid tier Silvers were up. Done figuring what that really means.
40-42K likely bottom area Bitcoin we go much under that all bets are off.
PSLV held up well today on the non follow through in Silver today. Could go either way here for a while I see some mid tier Silvers were up. Done figuring what that really means.
40-42K likely bottom area Bitcoin we go much under that all bets are off.
Troubling thing to me is the lack of concern on Twitter and YouTube about this current decline. There was real fear on the moves back down to 16 and 17K as well as the move back down to 37K recently. Now its no worries just buy the dip. Bitcoin only goes up. Guess we find out soon. Not oversold enough at this point.
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Everything inside of me is just screaming we are all completely Fcked.
NASDAQ - How many people are looking @ this as the make or break point?
You can expect a buy the dip bounce right about now... if it gets sold down before a new high then BEWARE.
L@@k the long term MACD (50/200) -> its been stalling out since late last year. @ the least there is a 2000 point air pocket here to get back to a less frothy growth rate. (200DMA - not shown)
You can expect a buy the dip bounce right about now... if it gets sold down before a new high then BEWARE.
L@@k the long term MACD (50/200) -> its been stalling out since late last year. @ the least there is a 2000 point air pocket here to get back to a less frothy growth rate. (200DMA - not shown)
Given the chart, yes that is a significant area but I would say that we only need to top 2.5 now. @ that point it would look like 3 is going to fall, just a matter of time.
The lower rates go the less we have to rise to do the damage. Getting off 0 is a reverse exponential curve with all the pain loaded up front. If they don't fight it then rates will crush people, if they do inflation will crush people. @ some point they will lose their ability to keep rates low and have the market participate. They will literally have to print money and push it out into the system backing most every loan OR give it out. MMT & UBI anyone? It's not like they haven't laid the intellectual framework for this madness.
Meanwhile all the smart people will be buying anything that they cannot print!
The lower rates go the less we have to rise to do the damage. Getting off 0 is a reverse exponential curve with all the pain loaded up front. If they don't fight it then rates will crush people, if they do inflation will crush people. @ some point they will lose their ability to keep rates low and have the market participate. They will literally have to print money and push it out into the system backing most every loan OR give it out. MMT & UBI anyone? It's not like they haven't laid the intellectual framework for this madness.
Meanwhile all the smart people will be buying anything that they cannot print!
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The how we don't know.
The why we know.
The when is coming.
I can't get past the "own nothing & be happy". Someone will own it. That's what scares me about land as it can be taxed away.
Dollars in the bank or wall street casino are mainly being feasted upon by fees.
Metal can be outlawed.
I see only one solution & we better get to it before they get any stronger and it may already be to late but a couple hundred million is a heck of a force.
The why we know.
The when is coming.
I can't get past the "own nothing & be happy". Someone will own it. That's what scares me about land as it can be taxed away.
Dollars in the bank or wall street casino are mainly being feasted upon by fees.
Metal can be outlawed.
I see only one solution & we better get to it before they get any stronger and it may already be to late but a couple hundred million is a heck of a force.
