No Einstein Posted May 21, 2021 Report Share Posted May 21, 2021 32 minutes ago, DrStool said: Our great friend David Mack, aka LeeWhee always loved those super long term charts. nice to be in GREAT company....even if its only one time😁 Link to comment Share on other sites More sharing options...
DrStool Posted May 21, 2021 Author Report Share Posted May 21, 2021 Well of course he only used support LEVELS, not trends. 😁 Link to comment Share on other sites More sharing options...
potatohead Posted May 21, 2021 Report Share Posted May 21, 2021 41 minutes ago, DrStool said: If this market has a big problem, it's bitcoin. I think that there's a lot of leverage there that we don't know about. Speculators who hold BTC and US stocks will need to liquidate stocks if BTC keeps shitting the bed. One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. Link to comment Share on other sites More sharing options...
potatohead Posted May 21, 2021 Report Share Posted May 21, 2021 41 minutes ago, DrStool said: If this market has a big problem, it's bitcoin. I think that there's a lot of leverage there that we don't know about. Speculators who hold BTC and US stocks will need to liquidate stocks if BTC keeps shitting the bed. One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. Link to comment Share on other sites More sharing options...
potatohead Posted May 21, 2021 Report Share Posted May 21, 2021 41 minutes ago, DrStool said: If this market has a big problem, it's bitcoin. I think that there's a lot of leverage there that we don't know about. Speculators who hold BTC and US stocks will need to liquidate stocks if BTC keeps shitting the bed. One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. Link to comment Share on other sites More sharing options...
potatohead Posted May 21, 2021 Report Share Posted May 21, 2021 FED'S KAPLAN: THE JOB MARKET MAY BE TIGHTER THAN HEADLINE INDICATORS SUGGEST. FED'S KAPLAN: GIVEN THE LABOUR MARKET PRESSURES AREN'T GOING ANYWHERE, THE NEXT EMPLOYMENT REPORT COULD EVEN BE ODD OR UNUSUAL. They must secretly read Lee's reports...... Link to comment Share on other sites More sharing options...
DrStool Posted May 21, 2021 Author Report Share Posted May 21, 2021 27 minutes ago, potatohead said: One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. This bears repeating. Link to comment Share on other sites More sharing options...
DrStool Posted May 21, 2021 Author Report Share Posted May 21, 2021 19 minutes ago, potatohead said: FED'S KAPLAN: THE JOB MARKET MAY BE TIGHTER THAN HEADLINE INDICATORS SUGGEST. FED'S KAPLAN: GIVEN THE LABOUR MARKET PRESSURES AREN'T GOING ANYWHERE, THE NEXT EMPLOYMENT REPORT COULD EVEN BE ODD OR UNUSUAL. They must secretly read Lee's reports...... They have the tax data too. Everybody does. But I'm one of the few who tabulates and publishes it. The Treasury Dept has actually made it easier to do that, sorry to say. My twenty years of collecting this data gave me an edge, but they've put it into downloadable historical files now. Shhhhh. Don't tell anyone. Link to comment Share on other sites More sharing options...
itiswhatitis Posted May 21, 2021 Report Share Posted May 21, 2021 40 minutes ago, potatohead said: One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. If I recall correctly,Sear’s once had enormous valuations based on the underlying real estate it owned. Forget the business model. Could the same be said for those businesses that own bitcoin? Link to comment Share on other sites More sharing options...
DrStool Posted May 21, 2021 Author Report Share Posted May 21, 2021 This doesn't strike me as a bullish tape. Well, I've got a long night ahead of me. Hidey Hoe and Merry Christmas. Link to comment Share on other sites More sharing options...
DrStool Posted May 21, 2021 Author Report Share Posted May 21, 2021 On the other hand, it's not bearish either, and it sets up as a consolidation here at the end of the week. Have a great weak end! Link to comment Share on other sites More sharing options...
Jimi Posted May 21, 2021 Report Share Posted May 21, 2021 4 hours ago, DrStool said: BItcoin dropped 4500 hunnert in 2 hours. Is that a lot? Link to comment Share on other sites More sharing options...
Jimi Posted May 21, 2021 Report Share Posted May 21, 2021 3 hours ago, potatohead said: One could make an argument that Wall Street is going to use Bitcoin/Crypto as the fall guy if any deleveraging occurs. Same old Same old. potatoehead is trying to make his observation go viral.... Link to comment Share on other sites More sharing options...
DrStool Posted May 22, 2021 Author Report Share Posted May 22, 2021 Posting it here won't help. Link to comment Share on other sites More sharing options...
Jimbo Posted May 24, 2021 Report Share Posted May 24, 2021 AS GOES BITCOIN SO GOES THE TAPE The fall in Bitcoin is depressing the whole stock market index. Bitcoin has been the leading ponzi asset of the whole bull market...along with Tesla. Anyway as I said before the smart money is rotating out of Bitcoin into Ethereum. Link to comment Share on other sites More sharing options...
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