MAN, did this post age well. ![]()
I tried to warn people...
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$Bitcoin (BTC.CC)$ So many people thinking this is going to 100k in the next few days. Not if the technicals are respected.
You have to switch between linear and log to get different perspectives, but on a linear scale it's already overextended. I covered this in my last video. Derpy Trades
You have to switch between linear and log to get different perspectives, but on a linear scale it's already overextended. I covered this in my last video. Derpy Trades
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Derpy Trades
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$Invesco QQQ Trust (QQQ.US)$ This sucker is poised to break out by tomorrow, and has a pattern target of roughly 8 points! Remember, symmetrical triangles often have an initial, false breakout followed by the real move. The upward target would meet a key resistance level, whereas the downward target would fill that daily gap.
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As I have said repeatedly, I give both upside and downside targets. Did you actually read my post, or was that too hard?
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$MicroStrategy (MSTR.US)$ People keep piling in here, but do you know what you're actually buying? They had close to a negative half a billion dollars in operating income last quarter, keep missing on earnings, and here's the kicker - - they have borrowed more than 1.5 BILLION dollars to buy Bitcoin with.
Answer honestly: what happens to this company if the asset they've bought, aka BTC, loses value? Will they even be able to service their debt? What will they have to sell in order to pay it?
🤔...
Answer honestly: what happens to this company if the asset they've bought, aka BTC, loses value? Will they even be able to service their debt? What will they have to sell in order to pay it?
🤔...
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
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In this multi-cultural country Malaysia, this year Deepawali Festival falls on the same day as Halloween day. In order to respect all religions, we don't over celebrate & overdo it.
So I use this opportunity to wish everyone Happy Deepawali and Happy Halloween. May God bless all your wishes 🙏🍀💯
So I use this opportunity to wish everyone Happy Deepawali and Happy Halloween. May God bless all your wishes 🙏🍀💯
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Derpy Trades
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$MicroStrategy (MSTR.US)$ $Bitcoin (BTC.CC)$ Word on the street is Microstrategy and Bitcoin are opening up a new store. Yea, they're calling it "Bagholders R Us."
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ Call me a permabear, call me whatever you want, but both SPY and QQQ are very close to their previous, MAIN ascending support lines of the massive rising wedges, which could now act as resistance. At the same time there is a multi-day rising wedge on the ADD, plus DXY getting closer to its key level around 103.80, where it would be likely to bounce. Thats confluence. Can I be wrong? Absolutely, but this exuberance will run out eventually. Derpy Trades
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Have you subscribed yet?$iShares 20+ Year Treasury Bond ETF (TLares 2 DXY - - Either pattern target actually would meet either a main resistance or support level. It's squeezing. If this fires up I expect TLT to pull back sharply, and the reverse would be true if it breaks down.
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Always learn from other mooers and get insights from them! thanks for moo moo’s recommendation!![]()
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