Bitcoin- It may be the life raft we all need
Diupdate
Hello my fellow Bitcoinistas,
No fancy Sunday chart today. I want to put out something that may be more important. IMO buying bitcoin right now may be your best bet move going forward.
Why?
1. The long term yield curves have inverted, AGAIN. Last time 2008 right before the last financial crisis. They pay more short term than long term. Think about it.
2 Deutsche Bank is failing. Today they announced layoffs of 18K+ people over the next couple years. Translation? It may be sooner. They have trillions in derivatives.
3. The entire world in NECK DEEP in dept
4. Stock Markets at all time highs
5 Precious metals on the rise
6. Flight to safety underway for those who are paying attention
7. Fiats failing around the world
8. "Buy ins" are on the table this time. What does that mean? The banks/government take your deposits to cover their debts
10. Socialism on the rise. "We can't make it so we'll just take it" mentality of the masses.
11. Nothing resolved since the last financial crisis. Just more crap under the carpets all around the world
12. The chickens are coming home to roost
We are in the early stages of something really ugly. Cover your ass the best you can and always hold at least a few million Satoshi or more if you can. It may be all you have to spend if the SHTF.
Sorry for the Red Pill, but they can't pump this shit forever. Something is going to break.
Good luck!
BBS out!
No fancy Sunday chart today. I want to put out something that may be more important. IMO buying bitcoin right now may be your best bet move going forward.
Why?
1. The long term yield curves have inverted, AGAIN. Last time 2008 right before the last financial crisis. They pay more short term than long term. Think about it.
2 Deutsche Bank is failing. Today they announced layoffs of 18K+ people over the next couple years. Translation? It may be sooner. They have trillions in derivatives.
3. The entire world in NECK DEEP in dept
4. Stock Markets at all time highs
5 Precious metals on the rise
6. Flight to safety underway for those who are paying attention
7. Fiats failing around the world
8. "Buy ins" are on the table this time. What does that mean? The banks/government take your deposits to cover their debts
10. Socialism on the rise. "We can't make it so we'll just take it" mentality of the masses.
11. Nothing resolved since the last financial crisis. Just more crap under the carpets all around the world
12. The chickens are coming home to roost
We are in the early stages of something really ugly. Cover your ass the best you can and always hold at least a few million Satoshi or more if you can. It may be all you have to spend if the SHTF.
Sorry for the Red Pill, but they can't pump this shit forever. Something is going to break.
Good luck!
BBS out!
Catatan
Catatan
Good Morning.Catatan
If this thing is not going to run North a decent stop is in order to protect the profits so far.Catatan
I'm trying something like this if it plays out. Take my stop and then go long again if we bounce hard off the top of the previous pattern. This would be a good confirmation IMO that this is what the market really wants to do. Otherwise I just stay out and wait for the next setup.Catatan
This is probably a better representation of the current channel. Notice how the midline is providing support and resistance to the current prices. The channel angle better matches the price angle. I'm still long with stops in place. Just waiting and watching.....Catatan
I got stopped out while eating my lunch. No biggie, the cash is in my pocket. Now I'll just wait to see what happens next. I still have my core long position offline. That isn't going anywhere.
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