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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (162406)	9/8/2020 9:16:19 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217652

am hoping that the BTC does not crater I do not have any position in GBTC, ETHE, etc etc but watching them as indicator of the bull fever The break of the fever would not help matters, otoh, but otoh, I suppose the Fed would ride to rescue the bull must be kept alive for the greater good, in a gaming sense, even as the actuality of the bull is doing serious damage across the planet bloomberg.com Bitcoin’s Breach of $10,000 Mark May Portend Deeper Losses Bitcoin is falling in tandem with U.S. stocks, and technical indicators suggest the digital token could decline further if it fails to reverse recent downside momentum. The largest cryptocurrency is dithering around $10,000 Tuesday. However, a sustained breach of that level could trigger a bigger drop to $9,000 or -- should the rout in equities persist -- to $8,000, technical analysis suggests. Additionally, the coin is trading in oversold territory, with its GTI Global Strength Indicator at 21, well below the level of 30 that signals oversold conditions. “One by one, the dominoes of what were the most popular trades in the market have fallen,” said Brad Bechtel, head of global currency trading at Jefferies LLC. “The market is in a bit of a liquidation mode, unwinding many of the popular trades from the summer or from the start of the post-Covid rebound. Bitcoin is one of them.” Bitcoin traded above $12,000 as recently as last week, but has dropped about 16% since last Tuesday. A summertime rally in U.S. stocks has taken a pause as well, wiping out billions in market value. Bitcoin fell as much as 2.2% to $9,928 on Tuesday, before paring losses to trade around $10,130 as of 1:41 p.m. in New York. Dash, Ether and Litecoin also retreated though Bitcoin Cash and Monero posted gains. Still, many Bitcoin fans remain bullish. “Crypto cynics and finance traditionalists will use the current -- and temporary -- fall in Bitcoin as an excuse to knock its inherent strengths to fit their own agendas,” said Nigel Green, chief executive officer and founder of deVere. “However, the reality is that the case for Bitcoin to break out this year is stronger than ever,” he said, citing central bank stimulus initiatives as well as the coin’s underlying fundamentals. Many investors may use a drop below $10,000 as a buying opportunity, Green added. “The fundamentals that make Bitcoin an attractive investment are, in fact, gaining strength.” — With assistance by Kenneth Sexton Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: carranza2 who wrote (162406)	9/8/2020 9:20:11 PM
From: TobagoJack	1 Recommendation Recommended By Cogito Ergo Sum Respond to of 217652

on the life of the bull, I wait for Armstrong's prognosis should still be good per correction is healthy even as the bull is very unhealthy Even September 3rd was spot on and even more ironic that was the day of the high in 1929 ask-socrates.com Blog The major U.S. stock indexes fell sharply last week from our target for the high being the week of 8/31. Even September 3rd was spot on and even more ironic that was the day of the high in 1929. The Nasdaq has been bearing the brunt of this decline because it led the way up. This index was previously the highflying technology shares which carried the indexes higher creating the false impression that the entire market was rallying against a declining economy. The false image of a booming stock market that was decoupled from the economy was all predicated upon this covert move to redesign the economy in the vision of Gates & Schwab's Great Reset. The market should decline into October. This is in part playing catch-up as the damage to the economy is very real. Add to that this trade war with China and the pressure for companies to replace China as a supplier is certainly a major disruption to the economy which will be felt over the course of the next two years. Right now, the key closing support in the Dow lies down at 27525. A closing below that will signal that the broader correction is beginning.