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Delusional

XIU / TSX (Toronto Stock Exchange)The TSX / XIU (ETF) is going down over the next 8 months, no doubt in my mind as a Canadian. Housing is not selling, starts are being cancelled / going bankrupt, we are over-populated and our infrastructure can not handle it. The rate decreases won't save our over-leveraged banks (real-estate, mostly residential, down 20% in many areas and still barely any buyers and many looking to exit - investors primarily). No way this holds these levels. I bought Feb 2025 $34 puts for $0.65 CAD. I expect this could be a ten bagger, especially if they finally admit Canada and USA and the world is in a massive recession. It is undeniable here. Foodbanks are empty and people are too strapped to donate (or are sick of seeing "students" from India eating "free food" meant for Canadians - many of whom are struggling). This stock price is a joke. Good luck to all!
TSX:XIUShort
by mraso30
3
Made With Nothing Other Than Delusion And Pure SpeculationJust having some fun here matching up the timing between my total crypto market cap and my DXY chart. I will link the charts below. Top for btc will be around 80-95k into a short term bear market. (June- September, possibly starting late may depending on when the DXY breaks out). New ATH's at the end of the year followed by another multi year bear market. (Speculation on top of speculation im assuming 150-180K as the presumed top). Drawing inspiration for 2013-2015 as our 2023-2025 price action all gaps will be filled downwards. This chart will end in 2028 with btc at 1 million dollars. The ol' crystal ball has been on the fritz lately so lets see how this all pans out. Good Luck And Safe Trading.
BITSTAMP:BTCUSD
by CapitulationCalls
Dream scenario: A valuable lessonBitcoin is a small 2% away from all time high. Now is a good time to look back on the past 3 years since it has gone mainstream. Many "strong hands" ended up selling right before the explosion up (the same people that criticized, insulted, reported and mocked me, while let me remind you I bought at the bottom of this explosion at ~12750 when many of them were selling "the top" and many others had already sold). Not all the 2018 bulls have sold at the bottom, and not all have sold period. A whole lot sold near the bottom, or a little before, or a little after (even some "OGs" sold at 13k or less as the bull market was starting). But generally speaking the people that laughed at me were bullish during the entire bear market while I was bearish from March 2018 to some time in 2020 so the entire bear market, and they ended up exiting all or in part right as the new bull market was starting. Karma hits hard. While the price going to zero after sucking the bear market bulls back in would be hilarious, where it is at now is sufficient for Bitcoin victims to draw some conclusions. I will remind what the rules are (made an arbitrary list, those are the main ones that come to mind): 1- Do not lose money. Cut losses quickly. Have an intelligent position size. 2- Have a plan. Told some "experts" with 20 years experience that "you waited that long, why fomo in now?" back in early 2018, just got barked at. 3- Real traders goal is to make money. Victim's goal is to not miss out (and they end up missing out anyway). 4- Waiting for a big pullback for no reason is stupid. 5- Not waiting for a big pullback when one is likely is stupid. 6- Diversify. Even Mr concentration Warren Buffett diversifies (in assets, in industries, and over time). 7- If you find yourself getting influenced by the crowds, the media, etc: cut them off. 8- For stubborn people (you skipped 7 hopefully): well don't be too stubborn if the evidence is saying something different. 9- Brace yourselves for the boring saying we all heard 10 thousand times: there is no free lunch. 10- Run winners. If the price keeps going strongly up and you are on a weekly chart, why would you sell at 13k this year? 11- Use your head. I see so many mind-bogglingly stupid arguments and actions. To those people: make a damn effort, you can't be that dumb (right?). 12- Don't revenge trade: do not try to "get my money back NOW". 13- Revenge trade: If something keeps not working do something different, sometimes this is the opposite. 14- Do not try going too fast 15- Don't day trade This is very helpful to people that held Bitcoin all of 2018-2019 and end up selling in 2020: www.nooooooooooooooo.com
by MrRenev
11
Trump Tweet = Shots Fired! A Warning?! SHORT BTCUSDFRIENDS I'm gonna catch a lot of junk for this but I'm going to float an idea for you. Time to abandon ship. I love crypto. You can see my charts going back years, but it's time to get out. There are two main reasons. 1. There are a lot of think tanks articulating a working international gold standard. It's coming. It has to. We can't survive on this imaginary fiat economy for much longer, I'm sure this we can all agree on. 2. The Trump Tweet. Trump tweeted, "I am not a fan of Bitcoin and other Cryptocurrencies...". Most people see Trump as the enemy. However, I think he is trying to give people a warning. I interpret his tweet as: "We are about to nuke Bitcoin and other crypto. Get out now because we're about to press the button. I'm going to fix the economy, but crypto won't exist." I know most reading this are laughing. That's fine, I likely would too. All jokes aside, you've been warned. It's easy to buy back, but if the floor falls out this could get ugly fast. Good luck crypto friends. TECHNICALLY This isn't the prettiest picture. The weekly MACD has been one of the best swing trend indicators and unless we shoot up in the next 24 hours we're probably going to get a bearish cross tomorrow. Intraday charts are uninspiring as well.
BITSTAMP:BTCUSDShort
by jamiecassels