DrStool Posted February 9, 2022 Report Share Posted February 9, 2022 From the Department of Deja Vu, I give you this. As I look at this in my old age, I say, "Haven't I seen this somewhere before?" So the cucaracha has come out of the many cracks in the market over the past 5 days, leaving his dark and dirty lair to scurry up the wall of the street. It's not pretty. The base breakout measures to 4625. The 5 day cycle projection looks only 4600 at this point, but if this gain holds or increases before NY opens, then 4625 would be in play. And obviously, if it breaks 4595, that would be an even bigger high base with a measured move objective of around 4740. But there may be hope, bear shitters! The buttcoin line (purple) is now negatively diverging, and the stock market has had a tendency to be the buttcoin a day or two later. So let's hang on to what we got, don't let go girl, we got a lot. Big pic- Raggedy Market Has Ambitions Meanwhile, the 10 year yield broke out of a 7 month uptrend channel yesterday, and now it's trying to come back within it. If it closes below that upper line, that 1.97 print could be the peak for a while, but if this holds, then we're looking at 2.01. If that's cleared, hoo boy. Abandon hope, all ye mofos who enter here. Big Pic- Don’t Be Fooled, The Economy is Still Growing And Still Bearish And now, we ask of the Golden Goose, "Are you ready to lay eggs?" The big pic - Waiting for Gold Oh And now, I ask of you, oh Great and Wonderful Grand Viziers of le Currencies, is it time for me to sell all my US doodahs, and buy Geuros? And now, The Rest of the Story- Patience, Patience! Grrrrrr…. Raggedy Market Has Ambitions Don’t Be Fooled, The Economy is Still Growing And Still Bearish Waiting for Gold Oh If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 Uh oh. Le btc is getting stronger. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 2-3 day cycle projection 4575-4605. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 Time for my afternoon constitutional. See you later! The sun is like this every day here. One day it will begin to expand into a red giant and we will all be incinerated and the earth will become a burnt cinder floating in space, until the sun contracts to become a white dwarf, then supernovas into a black hole, which will suck us in past the event horizon, and finally, we will all be one at the singularity. Have a Nice day. Oooommmmmm.... Link to comment Share on other sites More sharing options...
sandy beach Posted February 9, 2022 Report Share Posted February 9, 2022 Interesting take on bitcoin by historian Niall Ferguson. He cites two previous crashes of 83% and 84%, are we set for a third? https://www.bloomberg.com/opinion/articles/2022-02-06/niall-ferguson-crypto-s-cold-winter-will-give-way-to-a-red-hot-future Link to comment Share on other sites More sharing options...
Jorma Posted February 9, 2022 Report Share Posted February 9, 2022 Anarchy is bullish? Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 I see a top pattern on the 5 minute bars. Am I desperate? Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 9, 2022 Report Share Posted February 9, 2022 8 minutes ago, DrStool said: I see a top pattern on the 5 minute bars. Am I desperate? Gosh no. I have been trading 1 minute bars for the last few weeks. Talk about desperate. 🙂 Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 The top pattern is no more. Gonna take you hiya. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 5 day cycle projection still 4600. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 27 minutes ago, DrStool said: 5 day cycle projection still 4600. I could make a pretty strong case for 4595. Link to comment Share on other sites More sharing options...
No Einstein Posted February 9, 2022 Report Share Posted February 9, 2022 i have been saying (at least to my 50 yr old son) for 5 or 6 months, they would keep it going till after the elections...i did not put a number out there ,only that the trend would remain...i am convinced they will use RRP slush fund and "their tools" to accomplish this. now that i have made my theory public the market crash is imminent. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 The number to beat is 4594.8. If cleared, they'll blow sky high. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 45 minutes ago, No Einstein said: i have been saying (at least to my 50 yr old son) for 5 or 6 months, they would keep it going till after the elections...i did not put a number out there ,only that the trend would remain...i am convinced they will use RRP slush fund and "their tools" to accomplish this. now that i have made my theory public the market crash is imminent. They haven't touched the RRP cash yet. They're doing this with smoke, mirrors, and payday loans. Link to comment Share on other sites More sharing options...
DrStool Posted February 9, 2022 Author Report Share Posted February 9, 2022 Link to comment Share on other sites More sharing options...
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