Well again I’ll say, leave it to the “Chuckleheads” to FUBAR a market … and as I
write this Thanksgiving Day, apparently some Asian traders don’t like the Trump
team’s lawsuits that were filed late yesterday, outlining election fraud of the
highest order … “Hoover Dam” these lawsuits lay out some serious wrongdoing,
that maybe … just maybe could throw the U.S. election into the House, where
Trump would be victorious … and quite possibly that’s what could be behind this
wicked as hell selloff in BTCUSD today coming into the European session
… 24 hour range now standing at approximately $3,200 … some serious stop
loss selling hitting air pockets lower … puke first, ask questions later.
As I hinted yesterday, things have gotten a little out of hand in BTC on the upside,
and my worry was if we blew through all time highs, the ugly we see today would
be on the horizon at the first opportunity of screwing all of the
“Johnny-come-latelys” to the train ride … well, for the time being at least [which
is a good thing IMHO], the bloom is off the rose … and in this kind of environment,
you simply just have to step back and let nature take its course … there is no
market making in this type of trading environment, there is only instant reward
OR max pain … to give you an idea of how insane this is right now, remember the
IVIX INDEX levels I used before where any reading over 150 was considered
“chaotic” and troublesome for trading … current reading in BTCUSD as I write is
approximately 1100 … “Houston, we have a problem”! … and I think political
considerations are playing a major role, right along with too many people that
are long and need to be shaken out … and on that score, it’s mission
accomplished flushing them out.
To say things are gonna get interesting over the next 3 weeks, until December 14,
when the Electoral College meets, is a vast understatement … the whores in the
MSM would have everybody believe the election is over … maybe it is, dunno,
but trading money tells the true story about everything [in a free market, that is],
and right now BTCUSD is in a “different place” than where it was before the flurry
of lawsuits was filed yesterday … “you can’t say there is no proof of election
fraud, there’s a shit ton of it, right along with criminal fraud perpetrated by plenty
of POLS & Apparatchiks in state government, and now what do the courts do?
… get it to SCOTUS, and Trump is re-elected! … give it to the House to decide
cuz nobody has 270 electoral votes, and Trump is re-elected"!
And just like clockwork, the Chuckleheads tried taking EURUSD higher last
night … any guesses on how that worked out? … and once Europe opened
[sound familiar], it started the slow down the staircase with NADA rallies, and
now we’re back below 1.19 … I mean, you can lead donkeys to water, but you
can’t make ‘em drink! … now heading into early New York, where things
everywhere most likely will slow down dramatically very quickly … but, who
knows with Bitcoin? … Dear Bitcoin: “take a valium and call me in the morning,
OK”!
For those stuck in the U.S., try and have a nice Thanksgiving Holiday, despite
Commirat Libtards … you have my sympathies … I didn’t plan on trading today,
and after watching Bitcoin do what it did in late Asia & early Europe, I sure as
hell don’t want a market with an IVIX INDEX level anywhere near 1,000 … this
isn’t trading, this is gambling, and I don’t gamble, and besides it’s turkey day no
matter where you live! So enjoy!
… until tomorrow … Onward & Upward!!
-vegas
No comments:
Post a Comment