Well, that escalated quickly to the downside, didn’t it? … just a tad over 48 hours
ago, who cared what anybody paid to be in anything? … just HODL “Stonks”, gold,
and especially ETHUSD, cuz nothing ever goes down, right? … until it does … and
then with gas lines, civil unrest, Mideast war, and exploding inflation, the entire
world dreams about the Jimmy Carter days … well, OK, it’s a frickin’ nightmare
… and the sudden realization the fool in the WH is a bigger Dope than Carter has
markets “upset” … NEWS FLASH: “it’s a long way to the bottom, and the blood
has just started to flow from investors accounts, cuz what can the clueless Twits
at the FED do? … MOAR! QE? … buy MOAR! bonds? … debase the dollar even
MOAR!? … issue a Zimbabwe “trillion dollar” coin for everyone?
And I’m pretty sure, that Preezy Depends, once he’s had a nap, ate some pudding,
worked on the jigsaw puzzle in his basement, will get right on things ASAP … cuz
all the Communist / Socialists are already working hard on his behalf via the
“Manchurian Candidate” VP to take the “U.S. of China” and turn it into Venezuela
… meanwhile, “falling knife catchers” are out in throngs, secure in the belief that
the FED [cough, LOL, cough] has markets “under control” … sure they do … and
over in crypto, the latest “Thelma & Louise” high wire act going South is being
blamed on an Elon Musk tweet … NEWS FLASH: “the idiot savant has little to do
with ETH & BTC getting “monkey hammered”, and more to do with the classic
parabolic climb ETH went on, where it DOUBLED IN PRICE IN 3 WEEKS … and
what happens kids when price goes parabolic in any market? … that’s right
Skippy, when they suck in the last nickel and there’s no more fuel to buy, it gets
buried quicker than a Biden gaffe by the MSM … and “Down Goes Frazier”!
And quite frankly, what did you expect? … the warning flags have been going up
the flagpole for at least a week now, as everybody and their brother has been
buying ETHBTC, or just ETH outright … who cares what price is when it goes up
every single frickin’ day without end for 3 weeks … “you know, price is so “last
decade”, it’s the technology man, and I’m not selling ‘till ETH hits $100K! … fast
forward a few days, and here’s the fill [at the bottom] from your sell stop”!
… F-ing ouch! … do people ever learn? … Nope, only the names change over
time.
As if crypto needs a “risk event” to move, given the overnight ranges, but here
today at 8:30 AM EST, we got PPI numbers, and what happens if they’re “hotter”
than the CPI numbers yesterday? … are the FED Pie Holes lined up to speak at
government controlled CNBC to tell us, “no worries, it’s transitory”!? … how is it
“transitory” when over the course of the last 12 months, you Dimwits have more
than DOUBLED the amount of Dollars in circulation? … we’ll see what happens
here, but what can possibly go wrong? … and if the selling picks up today across
asset classes, who the hell stops it? … “Wanted! … professional knife catchers
with fingers! … and all I hear is crickets”!
PPI surges “highest on RECORD” YoY, but no problem, I’ve been assured by the
smartest people in the room it’s “transitory” … “hey, I didn’t voted for him, but
now you’re stuck with him, and the Communist takeover that’s coming as soon
as the “Manchurian Candidate” figures out how to get rid of him permanently, is
on the horizon … Ohhhh, good times”! … and look over there, a squirrel! … as the
DOW30 hits a new high for the day after the “Plunge Protection Team” [PPT]
shows up to show you everything is “fine” … see? … problem, what problem?
… move along now Sheeple, and let the “smartest people in the room” handle
things, OK?
So, I turn my machines on this morning around the European open and see the
crypto carnage … “wonderful, a $9000+ range in BTC, only 200%+ higher than the
20 Day Range MA, WTF am I supposed to do with this? … am I supposed to think
BTC is gonna magically reverse and hit a new high today, so look for buying
opportunities? … or is this the first of “shoes” to drop, from who knows where,
when this kind of action shows up? … cuz with this kind of range to the downside,
it means there is a high probability more than one version of “Thelma & Louise”
show up for some downside, nightmare declines that in 2 minutes can wipe out a
week’s worth of profitable trades … and the eerie silence of markets drifting as the
day starts only makes me more suspicious of today when the U.S. gets going
… especially in the criminal afternoon of the New York session, where anything
can happen … and I mean anything!
Well, here we go, now it’ Binance’s turn to face the Apparatchik music, from the
Gestapo arms of the “U.S. of China” … hot on the heels of a major U.S. pipeline
being “hacked”, and that they paid $5 million in crypto, never forget “Never Let A
Crisis Go To Waste”! … quite frankly, since they can’t find Cankle’s emails [IRS,
FBI, DOJ, NSA, CIA, or any other worthless alphabet soup Apparatchik Zoo], I’m
sure they’ll have no problem finding illicit crypto money channeled and washed
about 7,000 times through Asia & Europe … you know, cuz they’re the “experts”
and everything … but let’s not also forget what the real purpose of this
“investigation” truly is, which is to paint the crypto space as rife with drug
dealers, hackers, and other assorted lowlifes who skate the law 24/7/365, and
attempt to make a gullible public “they’re on the case”! … quite frankly, these
“Swamp Dopes” couldn’t find their asses with both hands if they had a Rand
McNally road map, so this “investigation will go NOWHERE.
And as we head into the mid afternoon of New York, who wants to catch a bunch
of falling knives dropped from 35,000 feet? … made the worse by the parabolic
rise of ETH, and all of the stupid shit done in the last days by FOMO loving
Sheeple everywhere … “It can’t go down!! … until it does … HARD … here’s your
sell stop fill … stop yelling & screaming”!
NO trades today in either the TURNKEY PAMM or in crypto for “The Syndicate”.
The only thing that matters on a day like today, is NOT losing money or getting
“whacked” doing “stupid shit” … if you think I’m steppin’ into this flaming bag of
dogshit, and hoping not to get burned or have dog poo on my shoes,
fugetaboutit! … BTC price moves have completely gone off the rails … signals
don’t mean “diddly squat” when you climb out past the “5 or 6 sigma” space of a
probability curve, and then think all is “normal” … the only normal here, is
“The Crypto Twilight Zone” … and in case nobody told you, there are no rules
there, so don’t try and make any!
Tomorrow’s blog will deal with my favorite crypto pair, which is TRX [TRON]
… there isn’t a better crypto pair to trade, bar NONE … small account, medium
account, or large account, they all can find success in this pair, and the trading
algorithm absolutely NAILS this pair to the barn door! … out of all the crypto pairs
out there to trade, IMHO this is the BEST for “traders” [scalpers especially
… make a great living trading this pair!]… I’ll lay it out for you tomorrow.
… outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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