BTC GOES FOMO … AND THEN PROMPTLY DIES

 

“Prediction is futile!!”

And just like that, BTC goes up $2500 bucks off the low last night in Asia, and

screams through 51K in the last half hour … mind you, Asia is closed for the

most part cuz of “Golden Week”, where everybody and their pet rabbits go party

and drink Tsingtao beer 24/7 ‘till they can’t stand up any longer, and then drink

lying down … perfect scenario for a price explosion, amirite or amirite? … so

now what? … Butch, our security director for corporate affairs, has an “in” with

a mighty BTC analyst pictured above, so that’s how he makes coin for his 2

cokes per day soda habit … as for me and the fam, I’m working on 3 cokes per

day, but I don’t want “The Mrs.” or Miss Gimpy to get too excited … at this rate

of the ETF buying frenzy, BTC will be over 100K by the end of March!

If you study hyperbolic up moves from history, you’ll know that it comes quick,

leaves most at the train station, and then crashes and burns when every pet

rabbit first gets in and then wants out in the same 5 minute candlestick, “el

quicko mucho”! … if this shit doesn’t start to back off and/or consolidate gains,

it’ll get the chance to join the history parade of stupidity as well, if it goes

through the 50’s and above 60K, threatening the old high

… “trade it, don’t date it!”

And again, this is soooooooooo typical of what “markets” [cough, bullshit,

cough] have become, and since the ETF’s for Bitcoin were approved on

January 10, THEY’RE ALL LOTTERY TICKETS, INCLUDING BITCOIN! … this

straight up C-4 explosive move today of $2500 in less than an hour, is

subsequently followed by mind numbing bullshit chop for hours that wastes

away the entirety of the New York day … can’t do shit … just like the rest of

the lottery tickets … “C4 or crickets!” … right now a little before NOON EST, the

m1’s about “even Steven” in terms of scope and severity, and it belies the fact

nothing can be read [so far] into price action from trade dynamics … until

Somebody gets a hair up their ass and explodes it again either up/down and

the m1’s definitely change … we just aren’t getting decent corrective activity

from BTC … can’t make it any simpler.

OMG … 2 PM EST, and could BTC get any worse? … Nope, I don’t think so

… Geesh, what a bag of shit … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas