I have been telling you for 2 months we are in a topping formation, so dont say I did't warn you.
Historical analogue points to bear reversal
Head and shoulders pattern
Fake out double top
Bearish candlesticks on the monthly/weekly TF
Supply zones being respected, demand zones being removed
Key levels being respected
You all know I am short biased right now. No I am not selling my bitcoin, no I am not taking leveraged shorts, I am simply waiting for 15-20k to be hit where I will load up on longs as discussed previously.
But serious question who is buying here? I want comments, show yourself, accountability :)
My friends is it time to suspend our trip "to the moon" ?
Or maybe we Buy the dip and juice this rocket to "the moon" or even better MARS aka the infamous $1,000,000 price where we will all exit our golden positions perfectly in sync and buy a yaught together where we can party and talk about the good old times when we scammed the market for a cheeky mil.
WORRYING TREND FOR NORMAL PEOPLE
WITHOUT ASSET EXSPOSURE.
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CASH IS BEING BURNED AT AN ALARMING RATE
TO BENEFIT WHO?
DO WE NEED HIGHER STOCK PRICES
IF THESE COMPANIES JUST HOARD THAT MONEY... AND ACQUIRE MORE ASSETS
WITHOUT INVESTING THAT FREE MONEY INTO JOBS?!
Since the start of this year silver prices have risen 10% versus the US dollar and 13% versus the Chinese yuan and the Indian rupee.
Despite the strong rise in silver prices, their overall performance has been rather disappointing.
Gold prices have considerably outperformed silver prices. As a result the gold/silver ratio has risen to new highs.