FX dead for this Monday [in U.S.] … BTC getting “monkey hammered” [after
hitting ATH on Saturday] … the DOW30 an hour before the U.S. cash open,
already with a double reversal on the books for the day’s range … “yes, it’s F-ing
nuts, cuz nothing makes any sense anymore … welcome to the nuthouse”!
And just like a casino offering “fun coupons”, the “Tulip Bulb 30” [a/k/a DOW30],
what would a Monday be like without some kind of reversal pattern? … today, the
“triple reversal” shows up, and Sheeple can’t get enough “Stonks” no matter
what the news flow brings … AstraZeneca’s vaccine is “kaput” in the E.U., and
Preezy Depends plans on a massive tax increase for “infrastructure” … all really
bullish for tulip prices [bwahahaha!], but no matter cuz the fun never stops at the
casino!
Again, the pattern with “Stonks” lately is ONLY straight up / straight down at the
speed of light … there is no “trading” to speak about, only when does the whistle
blow to start the race the other direction … nevertheless, today’s action did give
us 1 good buy signal right near the low of the day … TURNKEY PAMM / MAM UP
slightly less than 0.1%
I’d be lying if I said I wasn’t concerned about this “freight train” trading
atmosphere “Stonks” find themselves in … today’s action got us the one signal,
only cuz the bottom gave us a bottom setup before blowing higher quickly … we
should be getting 5 - 10+ of these a day, but sadly aren’t cuz of the nature of these
“V” bottoms, where it’s panic selling one second, blink your eyes, and now it’s
panic buying … hopefully this shit ends soon.
Over in crypto, Saturday sees new ATH in BTCUSD of over 61+k, but then the
usual selling that accompanies new ATH’s comes in rather quickly … I seriously
doubt the selloff had anything to do with India and their idiotic policy of attempting
to ban BTC in India … “sure, go ahead, make your entire population criminals, it
won’t change anything … maybe if the corrupt government stopped inflating the
Ruppee and turning it into toilet paper, and in the process ruining people’s lives
through inflation, they wouldn’t need BTC”!
The alt-coins have lost some major “MOJO” lately [since end of February], and
haven’t kept pace with BTC or ETH … today sees “The Syndicate” in BTCUSDT,
and we’re up approximately 0.1%
As with all markets lately, “Asia flies the rest of the world dies”! … today no
exception … really tough crypto conditions, with wide spreads and choppy price
action … hopefully tomorrow is better.
Today the 8th day in a row “Stonks” are higher … “yea, you buy the rally”! … this
is pure stupidity … outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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