My intention was simply to include as much price action as possible. One candle is a month on both charts.
Waiting for the analysis…
Top chart is XAUUSD? Nice cup and handle on that and XAGUSD.
Second chart is XBTUSD and a W continuation forming (also possible ascending triangle).
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Well, that is clear, ONLY an expert can deduct it from the following meme graph!
Man, you spoiled the surprise 
Anybody who watches charts knows those ones.
I strongly suggest you start watching SPGSCI/SPX (I have others that are of interest too).
The biggest pump and dump you’re going to see is the SPX, the pivot to commodities has begun already.
AMZN is already manouvering to dump onto retail bagholders. AMZN also has no dividend, so no prizes for hodling. A company that squashes any unionisation attempt and treats employees like pee bottles, suddenly has a change of heart overnight to really want retail investors to own their stock for retail’s good? It’s an escape hatch for funds and board, they need buyers to sell into.
I checked those charts, neither of them will help you sell your stock of bitcoin tokens, neither of the charts make NFT’s look better. 900 posts and now you need candles to prove you can’t handle my replies?
I’d rather send some candles to El Salvador so people can read books late at night and get good jobs as for over a year they have been loosing money.
Also, there are not enough memes in here, so here it goes :
I had noticed already.
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Either way, it’s a scam.
They can’t keep on hodl-ing and wait for the people like me stop to explain the scam to interested people who foolishly would convert real currency into scam tokens and bail the crypto-banksters out? 
You mean like the taxpayer who bailed banks and failed companies out?
You mean like the retail bagholders who are going to be trapped once the SPX blows?
Look at that money printing.
Source: M1 (M1SL) | FRED | St. Louis Fed
That translates to loss in purchasing power. The source of inflation, money supply, not the fudge numbers they tell you that are the consequence of it via a basket of items. It’s worse than they tell you. You haven’t begun to feel it yet, it lags.
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Indeed, that was in my opinion sad, but then again, I trust in democracy and understand that sometimes the government needs to make tough decisions to keep the people happy even if they don’t see the long term effect. Things can be complex sometimes, well, that is if Bitcoin isn’t the legal tender because then everyone is rich and happy!
It will be fine If you have the time you can quote me on that meme with the dog in the bar with the fire.
Do you think something might be going on like a pandemic or a international conflict or so? I suspect something like that. But then again I’m busy sending candles to El Salvador.
The chart you posted is a classic end phase of a parabolic blow off the top upcoming. Prepare. The SPX is going into pump and dump territory.
Let’s buy into a parabolic pump, said no sane person ever.
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On a side note, apparently I’d be competing with India if I would export candles to El Salvador.
And the market can crash, there are some overrated companies due to people not investing but betting on it. I understand the knee-jerk reactions and panic that can happen but it will just remove some of the bubbles for a while. The economy always corrects itself, don’t worry. Unless you are a gambler, then you are screwed. I learned to code… #JustSaying.
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Let me rephrase that ;
“Let’s buy into a parabolic pump, said no abstract share better ever.”
If there are people that have shares of companies like Walmart, they actually have a divident payout of 55cent to 56cent per share so not a bad investment.
Some people don’t ‘invest’, they ‘bet’. Learn the difference, one day it will save them from having to look for a real job.
It’s not just individual companies man. The stock market and the real estate market have been pumped up over decades now because money can’t be used as a store of value. Cash is trash you know. Those prices are beyond anything rational for a long time now.
You think you are not invested into Bitcoin so you are save from whatever happens to it, no matter what. But if you hold stocks or real estate you are basically short Bitcoin. Because if Bitcoin succeeds as a currency that is at the same time a superior store of value, all that capital will drain out of the overvalued stocks and real estate in to Bitcoin.
Now I know you don’t believe it. You probably think thats impossible. I thinks it’s probable but I’m prepared for the case if it isn’t. Are you prepared for the case you are wrong?
I have some of my Bitcoin in a leding product and earn 3.5-7% interest. Also not bad cash flow.
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Yes, and that’s why people in general invest in what they can “comprehend”. And I mean can understand the risk on the factors of how the value of it can be affected. Different people, different strategies.
I don’t think Bitcoin is the future. It’s based on scare and confusion tactics, which isn’t anywhere near the way any system has to be promoted. Bitcoin has limited money supply! If there is too little money in the economy, people don’t have excess spending money, and there is little economic growth. Economy is a balance, it is impossible for it to exist with too much inflation or too much deflation. Just in that theorem Bitcoin fails to be a currency that could be used for a small economy let alone the world.
No fail safe to keep a brake on a runaway economy either by banker’s greed or war or pandemic can’t have a good outcome. Jim Jones didn’t trust the government even though he initially probably meant well but his situation slowly devolved into what we know as a catastrophe. If there is no government or oversight, it is impossible to steer once it goes bad. Nuclear reactions can be contained by a 'simple formula but I like to have people keeping oversight to check it and make weighed decisions to steer control rods. Even then it can go wrong like in Chernobyl. But trusting anything without oversight goes a bit too far for me, even for monetary policy.
If you say it’s based on scare and confusion tactics I assume you refer to the whole inflation hedge thing and similar arguments of why you should buy it? If so I agree, that isn’t convincing in itself for me either.
I think Bitcoin is simply superior money (not for everyday use just yet, once it settles) and a superior monetary network.
Oh I thought Bitcoin used scare and confusion tactics, here we go.
Yeah I don’t get how that should be even remotely convincing. It’s not like the new money supply ends up in the hands of people. It ends up in the hands of banks who buy stocks and real estate with it, further inflating that market. Because they know if they keep it they will lose value. It does not grow the economy, it inflates the stock market. The stock market is not the economy. In reality it takes value out of the hands of regular people because their money loses value and shuffles it into the hand of banks. That’s also why most millennials or younger generations will probably never be able to afford an own house in most parts of the developed world, because real estate or land to build more on is insanely inflated.
A fixed money supply would naturally have a moderate deflation that will actually lead to people having more excess money and purchasing power. More purchasing power => more actual economic growth, not just speculative stock bubbles.
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This is what people who have a narrative do, I see it everywhere. They will record someone talking and then cut and chop it until it looks like they are saying something else which is in line with their narrative. I prefer to consider everything and have an honest convo.
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Not sure what you’re talking about. BTC started at £0 and now it is almost £30k, I guess it depends how much one purchased the BTC for. There are many who mined them in the early days on Laptops and there are many who brought them for around £10k to £20k each. These folks are doing well with their investments and have not lost anything. You seemed to have pulled this claim out of thin air to push your narrative.
BTC has been acknowledged by the American government recently so to say it’s a scam at this point would mean you are not really paying attention.
But can we go back to the pre-1960’s and also on a worldwide scale? With the economical situation we have? I doubt it, but I do agree with the hope you have for humanity. We do differ in the amount of faith in the ‘user’.
Let me fix that for you :
BTC started at £10 when it became accepted by legal traders, as it got traction it went up and some whales invested in it like Elon Musk. Finally when ONE single company invested in it, it peaked at £60.000 and now it has dropped back to around £30k, it has been on a steady decline the last year.
So kinda like what you just did while promoting the crypto you have high stakes in? sigh
No, they do want to regulate crypto in general.
“Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a country’s sovereign currency.”
“The United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate. And, it must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.”
This is what you EXPLICITLY say crypto should not be. This is literally the opposite of your claims. Literally. I do understand why you stay vague about this. I do like the post you made about how people cut up and change literally official fact sheets like the official U.S. White House fact sheet anyone can look up here… to change it to their narrative.
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