IT BEGINS !!

I like Silver 260's call: 'I expect BTC to keep grinding upwards, but parabolic?, not IMHO.'

And welcome, mongrelmaple

And just to put my head on the block: we are creeping from all-past-influences-that-drove-crypto-adoption to Global-Krazee-Krazee-mainly-drives-adoption.
 
Did someone mention Krazee Krazee?

'The new package takes Japan’s total spending to combat the virus fallout to 234 trillion yen ($2.18 trillion) . . . '
https://www.nytimes.com/reuters/202...euters-health-coronavirus-japan-stimulus.html

There's just no doubt, campers, that we're numb to the numbers.

And there is a recurring problem with the reports: they often don't include time-frames. But both Japan's 2.18T and the U.S.'s 2.3 are in response to the virus, so that's a time-frame.

Go, deflationary coin!!
 
Thanks wrcmad. Crypto has performed amazingly well in May, as anticipated.

Don't say I never help you guys....
I've just taken a major short position on the SPX.

resistance.png
 
Thanks wrcmad. Crypto has performed amazingly well in May, as anticipated.

Don't say I never help you guys....
I've just taken a major short position on the SPX.

View attachment 38785

Very similar chart in XJO, and Silver. Waves 1 and 2 of a 5 wave pattern.Waiting for Tuesday to buy bulk XJO puts. Waiting to buy silver once its in mid single digits- maybe year end or early next year.
 
Historical record of open index shorts = A lot of people are betting that the market will go DOWN and are "short" the market

Short squeeze = When the market goes up instead, a lot of those people betting the market will go down with leverage get "squeezed" as they get margin called by their lenders

Hell of a pop = The margin calls force the short sellers to buy back their positions at a loss and the forced buying drives the market sharply higher
 
I’m still trying to work out what this “great call” was.

Your implying that a major correction was inevitable, based upon the underlying fundamentals?

That is my view completely.

But it's a little flukey that he "appears" to have gotten the timing almost perfect. I was honestly expecting this to trend up a little longer. But with that said, I've been a little too busy to pay attention to the financial developments of late. Maybe I've missed something.
 
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