The problems underlying the mechanics of legacy are plain to see for anyone with an understanding of Blockchain DLT
Digital Property ownership with Transferability 24/7 is not available for stocks & bonds
With each passing day, this is getting glaringly obvious Wall Streets' days are numbered without a big reorganization from top to bottom.
Bitcoin and Cryptos...
Slander is the signal
Risk off in legacy
Will they risk a debt bubble blow up?
No they inflate it away as always
Stimulus forever until enough people have migrated to debt-free money that the machinations of a central bank are no longer relevant to a mjority of the global pop
Its a process, that will likely take another 15 - 20 years
You guys are still early,...
A PROPPED UP "RIGGED" LEGACY #FINANCIAL SYSTEM
You may have gotten off zero
but what about your loved ones - friends & family
Shilling is hard work to no coiners... but maybe showing them this chart will be a wake-up call?
Look out for them, as we are in a S curve adoption phase of Digital Ledger Technology
Sometimes one needs to take a step back to see the bigger picture on what is going, to learn from the past and start making plans of actions on what to do next ✌
1929 Crash (Wikipedia article)
1987 Black Monday Crash (Wikipedia article)
DJIA current price suggests over extended and better to wait for price to revert to the mean - price is like an elastic band around MA200 normally a violent move one way leads to a similar the other way
DOW30 is Bullish - We look to Buy at 24350
▪️ The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
▪️ A higher correction is expected.
▪️ Previous resistance level of 24550 broken.
▪️ Signals are mixed but remain mildly bullish with a short-term timeframe highlighting an exhaustion count.
▪️ We look...
We are in a shorting zone here, as prior support-turned-resistance. I currently have no position, but I will be ready to initiate shorts if I see weakness intraday.
A new major low has not been ruled out, though I believe the bulk of the down move has already occured.
The Dow appears to be carving an Inverse H&S. The election result still has room to create risk-off knee jerk reactions intraday. I will take advantage of any drops, trading against the low of October 29th.
A daily closing below the spike low of October 11 would somewhat negate the pattern, although I will look to the candle structure before making a trade.
The US elections next week are an obvious inflection point, not just for the US but for stocks globally. The initial reaction would be easy to gauge: up for Trump, down for the Democrats. If the Democrats take control then they will reverse all of Trump's progress. The market reaction would be negative.
That is not to say that the market rally would be dead. In...
Ok the initial obvious move is a retrace to the 61.8.
Then though there is still that gap shown between the yellow lines. That should fill before any more downside.
Over the next week or two though I am saying that the markets will move down as people de-risk in anticipation of the Midterm elections. When they are done and there is a strong Republican win,...