I will remind readers that Cardano [ADAUSDT] was at approximately $0.18 on New
Years Day … now 9 weeks later, it almost hit $1.50 on Saturday, 2 days before the
much hyped, anticipated “Mary hard fork” system protocol update … for sure, it’s
a very big deal & upgrade, but it’s in the price! … and with the launch yesterday
as it went live all over the world, it was met with about as much excitement as a
Biden rally … since Saturday night, it’s been straight down, and the volume
yesterday and today literally pathetic … “umm, I was told there would be
buying? … umm, where’s the frickin’ BUYING?”! … and so another can’t miss
profit opportunity goes bust … don’t get me wrong, I’m wildly long term bullish
on Cardano, and it makes a great trading vehicle most days, but the universe
doesn’t let every dog ride on the fire truck, and there will be casualties in the
“Johnny-come-lately” camp.
Quite frankly, all of crypto right now is a little over-hyped, and IMHO there aren’t
many, IF ANY, “diamonds in the rough” out there ready to scream 100X in the
next 6 months … there needs to be some kind of shakeout, whether light or
heavy matters little … what matters is time … come the dog days of Summer look
for bargains to hold & keep, not now … this isn’t investment advice, this is
common sense, don’t buy the frickin’ top!
Meanwhile, over in everything that is manipulated, most notably “Stonks”, it’s the
usual manipulation game in the modern paradigm of controlling volatility … that’s
how the FED manipulates via the scumbag LP banks, via volatility … some days
it’s so low not even a cockroach can get underneath it, and then they explode it
and bury you … today sees the former, where the “Tulip Bulb 30” is about as
pathetic as I’ve seen it in a while … what a joke.
No trades today in anything, simply a “do nothing” day of bullshit.
Hopefully for both crypto [alt-coins] and the DOW30, tomorrow sees something to
trade on and react to, cuz today has been pure boredom … a little action in ADA,
but mostly to the downside, leaving very few “Slim Pickens” for a long position
… the DOW30 simply a “chopfest” of bullshit to trap the unwary to hand over
money to the scumbag banks, without going anywhere … cuz if you don’t
understand how they take your money, you have no clue how to avoid it
… 3 things to avoid in your life mi amigos, 1) lawyers, 2) doctors, & 3) choppy
markets.
… until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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