Been almost 2 weeks since I've posted a publication -- I need to get my priorities straight...the fact of the matter is that this cryptolife (the birth of #fintech) has led to one major quintessential flaw; from an enthusiast/research perspective, that is: in all the workshops, expos, meetings, mixers, conferences, etc. I've attended in major cities in every continent sans Antarctica -- I have met THOUSANDS of individuals, who throughout the past 6 years since I begun fervently researching "fin" (given that I was already a developer) I knew from the beginning that this was not going to be some easy venture that can be taught in a simple curriculum.
Even the biggest names/influencers in the cryptospace have this same fatal flaw: the WallSt banksters, shills, or typical MBA financiers & institutional investors DON'T KNOW A GODDAMN THING ABOUT TECH just as well -- THE PALO ALTO SILICON VALLEY PROGRAMMERS DON'T KNOW A GODDAMN THING ABOUT FINANCE and to be frank, nothing in this cryptogame has frustrated me more than this one, simple dilemma (you would think it'd be obvious) yet it isn't...
This is why you have "leaders" of the community like APompliano who *(to his credit)* knows a great deal about finance, has a vast network of wall st. & international conglomerates & individuals interested in adoption; yet *(and i'm not hating -- just telling it like it is)* the simple fact remains: he is unqualified to discuss crypto adoption without a firm understanding on data compression, cloud computing, kubernetes, docker, API, python, etc. The same goes for the developers...someone like Justin Sun is never going to convince an OG investor *and founder of Berkshire Hathaway* like Warren Buffet; who doesn't even have a smartphone FFS, to invest in cryptocurrencies because Buffet is a master at "stacking sats" (ironically, since he's not stacking any) yet without an in depth understanding of the innovative tech behind blockchain, both sides (devs & traders) will stubbornly continue to stand firm in their positions as they use their decades of experience/fancy degrees & inflated (pun intended) ego to foolishly decide for themselves, "I know what's best, I won't listen to the other guy" and just as well the other guy foolishly & naively dictates "All I have to do is convince X,Y,Z," -- I knew early on circa 2015 that I would have to learn both aspects of "fintech" and that meant educating myself in software development, API, python, cryptography, then studying charts/numbers/indicators until my eyes would bleed.
So the pent up frustration I have and am venting right now is nothing other than the idiocy I've seen in the community from our so-called "influencers" who unfortunately are ALL unqualified to speak on this matter. I'm not saying I'm qualified & they aren't, what I am saying is that I understand the scope & level of information needed in order for one to definitively BE QUALIFIED. That includes having a postgrad (or equivalent) level degree of consumer based socioeconomics, behavorial science, psychology, sociology, finance, tech, cryptography; as I've said in the past *many times* -- cryptocurrencies are a 3-headed hydra: tech/finance/cryptography.
That means in order to truly be a MASTER of Fintech, you need to be able to broker/invest/swing-trade like Buffet while being able to write code like Vitalik. You have a better chance of getting struck by lightning 3X in one minute than you do of finding a leprechaun with that kind of information -- and even if you manage to find that leprechaun: odds are he's already developing or working for a multi-billion dollar industry in the private sector OR working for the government in the public sector. By no means am I that leprechaun, but I am damn sure closer to owning that pot of gold than ANYONE ELSE I've ever met / known in this game (WITH THE EXCEPTION OF A SELECT FEW BOSSES FROM IBM/MICROSOFT/AMAZON) anyway -- now that I've gotten that out of my system, before I go off track, I want to clarify just what it is I'm bitching about & what is pissing me off:
I am working 20 hours a day pivoting from tech to finance; having spent (arguably) 5000+ hours in the past 6 years educating myself, it's been inexplicably frustrating getting job offers as a code monkey OR as a financial analyst.
Let me put your mind at ease *(to the idiots who keep asking me if I want their python entry level job on LinkedIn)* IN NO WAY/SHAPE/FORM will I concede to a career that has anything less than what I'm qualified to do. Don't take my word for it. My track record speaks for itself -- I've got loads of information going back to 2016 (though I began my research on blockchain circa 2014, I did what ALL new adopters should do & SHUT MY MOUTH & LISTENED TO THE PROS until I felt I was ready enough to post my own opeds/signals. It's IRRESPONSIBLE, SELFISH, and DISGUSTING to see new cryptokitties posting charts & drawing lines, confusing & FUDDING / FOMOing prospective interest from institutional investors & EVEN MORE DAMAGING, DETERRING REGULATORS & WALLST GOP DONORS BY PROVING THEIR POINT; THAT THIS IS TOO VOLATILE & UNSUSTAINABLE. That's on YOU idiots. Not me.
I've done my part in ways that I LITERALLY cannot describe or face ramifications...but I digress; I'll leave it at that. Rant = over.
Now to the publication above: for those who are not familiar; a Demark Trendline is a rare indicator used to identify potential bullish priceaction; if you recall from last week's publication *(which you should still see on the chart above)* the triple bottom W I spotted led to an immediate price surge, followed by a dump -- just as anticipated. The publication was for a LONG buy & it was right & still is to this moment.
Take a close look at the charting I've presented & screenshot the image; juxtaposed with Demark Trendline breakout pattern img in the link above.
Look familiar? I'm leaving this publication NEUTRAL -- with green horizontals for short - mid - LONG posted for TP1-3.
As always, red horizontal represents the STOP aka the MOST IMPORTANT number you should set when placing a limit order.
For those curious as to what my position will be: I am in it for the LONG ; the charts are identical & if we see a full consolidation a la Demark Breakout indicator, that would mean we are headed to this definitive figure before another round of stagnation: $9580 with next major resistance being the 10.6K level; a key, pivotal support threshold in which I was (and still am) confident that we'll reach before year's end *check my Twitter to see the NOV 12TH timestamp in which I provided this figure/TA* yet I'm not celebrating just yet -- just because everything I said & projected to happen thus far in Q4 has happened, doesn't mean it will continue.
Anyone whose been in this game for a while knows that the direction the wind blows is contradictory to priceaction & not a reliable metric for taking positions strictly due to the high risk, high reward EXTREMELY volatile nature of this market. Hence the reason why I repeat *like a broken record* the importance of stop-losses.
With that being said, have a wonderful weekend. Will aim to post atleast 1 publication & 1 oped a day from now on -- I hope you all take note of my constructive criticism, because ultimately it's the influencers that will dictate the media's perspective on $BTC / $Crypto & unfortunately...people like myself don't have that blue check or thousands of followers to spread important messages of foreboding & educational key talking points needed to get through to WallSt/D.C. though I am fortunate to be able to do what I'm doing in terms of influence (behind the scenes) & I'll leave it at that -- I can't say any more.
Life is short; don't stress about the day-to-day and keep your eyes focused on the bigger picture.
Faith. Family. Money.
DISCLAIMER
Not financial advise.
Even the biggest names/influencers in the cryptospace have this same fatal flaw: the WallSt banksters, shills, or typical MBA financiers & institutional investors DON'T KNOW A GODDAMN THING ABOUT TECH just as well -- THE PALO ALTO SILICON VALLEY PROGRAMMERS DON'T KNOW A GODDAMN THING ABOUT FINANCE and to be frank, nothing in this cryptogame has frustrated me more than this one, simple dilemma (you would think it'd be obvious) yet it isn't...
This is why you have "leaders" of the community like APompliano who *(to his credit)* knows a great deal about finance, has a vast network of wall st. & international conglomerates & individuals interested in adoption; yet *(and i'm not hating -- just telling it like it is)* the simple fact remains: he is unqualified to discuss crypto adoption without a firm understanding on data compression, cloud computing, kubernetes, docker, API, python, etc. The same goes for the developers...someone like Justin Sun is never going to convince an OG investor *and founder of Berkshire Hathaway* like Warren Buffet; who doesn't even have a smartphone FFS, to invest in cryptocurrencies because Buffet is a master at "stacking sats" (ironically, since he's not stacking any) yet without an in depth understanding of the innovative tech behind blockchain, both sides (devs & traders) will stubbornly continue to stand firm in their positions as they use their decades of experience/fancy degrees & inflated (pun intended) ego to foolishly decide for themselves, "I know what's best, I won't listen to the other guy" and just as well the other guy foolishly & naively dictates "All I have to do is convince X,Y,Z," -- I knew early on circa 2015 that I would have to learn both aspects of "fintech" and that meant educating myself in software development, API, python, cryptography, then studying charts/numbers/indicators until my eyes would bleed.
So the pent up frustration I have and am venting right now is nothing other than the idiocy I've seen in the community from our so-called "influencers" who unfortunately are ALL unqualified to speak on this matter. I'm not saying I'm qualified & they aren't, what I am saying is that I understand the scope & level of information needed in order for one to definitively BE QUALIFIED. That includes having a postgrad (or equivalent) level degree of consumer based socioeconomics, behavorial science, psychology, sociology, finance, tech, cryptography; as I've said in the past *many times* -- cryptocurrencies are a 3-headed hydra: tech/finance/cryptography.
That means in order to truly be a MASTER of Fintech, you need to be able to broker/invest/swing-trade like Buffet while being able to write code like Vitalik. You have a better chance of getting struck by lightning 3X in one minute than you do of finding a leprechaun with that kind of information -- and even if you manage to find that leprechaun: odds are he's already developing or working for a multi-billion dollar industry in the private sector OR working for the government in the public sector. By no means am I that leprechaun, but I am damn sure closer to owning that pot of gold than ANYONE ELSE I've ever met / known in this game (WITH THE EXCEPTION OF A SELECT FEW BOSSES FROM IBM/MICROSOFT/AMAZON) anyway -- now that I've gotten that out of my system, before I go off track, I want to clarify just what it is I'm bitching about & what is pissing me off:
I am working 20 hours a day pivoting from tech to finance; having spent (arguably) 5000+ hours in the past 6 years educating myself, it's been inexplicably frustrating getting job offers as a code monkey OR as a financial analyst.
Let me put your mind at ease *(to the idiots who keep asking me if I want their python entry level job on LinkedIn)* IN NO WAY/SHAPE/FORM will I concede to a career that has anything less than what I'm qualified to do. Don't take my word for it. My track record speaks for itself -- I've got loads of information going back to 2016 (though I began my research on blockchain circa 2014, I did what ALL new adopters should do & SHUT MY MOUTH & LISTENED TO THE PROS until I felt I was ready enough to post my own opeds/signals. It's IRRESPONSIBLE, SELFISH, and DISGUSTING to see new cryptokitties posting charts & drawing lines, confusing & FUDDING / FOMOing prospective interest from institutional investors & EVEN MORE DAMAGING, DETERRING REGULATORS & WALLST GOP DONORS BY PROVING THEIR POINT; THAT THIS IS TOO VOLATILE & UNSUSTAINABLE. That's on YOU idiots. Not me.
I've done my part in ways that I LITERALLY cannot describe or face ramifications...but I digress; I'll leave it at that. Rant = over.
Now to the publication above: for those who are not familiar; a Demark Trendline is a rare indicator used to identify potential bullish priceaction; if you recall from last week's publication *(which you should still see on the chart above)* the triple bottom W I spotted led to an immediate price surge, followed by a dump -- just as anticipated. The publication was for a LONG buy & it was right & still is to this moment.
- file:///C:/Users/John/Desktop/Demark%20Breakout.jpg
Take a close look at the charting I've presented & screenshot the image; juxtaposed with Demark Trendline breakout pattern img in the link above.
Look familiar? I'm leaving this publication NEUTRAL -- with green horizontals for short - mid - LONG posted for TP1-3.
As always, red horizontal represents the STOP aka the MOST IMPORTANT number you should set when placing a limit order.
For those curious as to what my position will be: I am in it for the LONG ; the charts are identical & if we see a full consolidation a la Demark Breakout indicator, that would mean we are headed to this definitive figure before another round of stagnation: $9580 with next major resistance being the 10.6K level; a key, pivotal support threshold in which I was (and still am) confident that we'll reach before year's end *check my Twitter to see the NOV 12TH timestamp in which I provided this figure/TA* yet I'm not celebrating just yet -- just because everything I said & projected to happen thus far in Q4 has happened, doesn't mean it will continue.
Anyone whose been in this game for a while knows that the direction the wind blows is contradictory to priceaction & not a reliable metric for taking positions strictly due to the high risk, high reward EXTREMELY volatile nature of this market. Hence the reason why I repeat *like a broken record* the importance of stop-losses.
With that being said, have a wonderful weekend. Will aim to post atleast 1 publication & 1 oped a day from now on -- I hope you all take note of my constructive criticism, because ultimately it's the influencers that will dictate the media's perspective on $BTC / $Crypto & unfortunately...people like myself don't have that blue check or thousands of followers to spread important messages of foreboding & educational key talking points needed to get through to WallSt/D.C. though I am fortunate to be able to do what I'm doing in terms of influence (behind the scenes) & I'll leave it at that -- I can't say any more.
- Peace & Love. Enjoy your weekend.
Life is short; don't stress about the day-to-day and keep your eyes focused on the bigger picture.
Faith. Family. Money.
- C'est La Vie. TGIF
- -@a1mtarabichi
DISCLAIMER
Not financial advise.
Trade active:
Trade active:
SHORT figures bolstered by DBL bottom further validate initial publication & bullish priceaction bolstered by BB/KC/SQZ/vol && BTC at an ALLTIME high for hashrate from miners — like a pent up tea kettle that’s ready to blow this stagnation we’ve seen recently occurred as a direct parallel to systemic rising of mining hashrate hence why this parabolic movement is SEVERELY overdue
SHORT figures bolstered by DBL bottom further validate initial publication & bullish priceaction bolstered by BB/KC/SQZ/vol && BTC at an ALLTIME high for hashrate from miners — like a pent up tea kettle that’s ready to blow this stagnation we’ve seen recently occurred as a direct parallel to systemic rising of mining hashrate hence why this parabolic movement is SEVERELY overdue
