brk.a gann projectionUse the low of 250; use the high of 1385; project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
Warrenbuffett
BTT Hype not necessarily overJustin Sun made his "big" announcement today, and per usual, the rumor caused a price spike on BTT as well as TRX the other day.
I'm still bullish on BTT; call Justin Sun what you will, but his marketing is brilliant. I like to think the product he puts out is at least half as good as his marketing, even though I constantly see many people bashing him on Twitter and writing Tron and Bittorent off as scams. He's a go-getter. Literally nobody else in the crypto space (to my knowledge) has even attempted to try to knock some sense into old man Buffett. Being the legend he is, I'm so surprised that for all this time he's been crapping all over Bitcoin, but somehow thinks there's a future in Blockchain - "Blockchaiiiiiin not Bitcoiiiiiin!"(Shout out to the Crypto Lark for the lyrics)
Imagine for a second that Justin Sun becomes a main catalyst for mass adoption. You'd get at least one "banana town" out of Carter Thomas, that's for sure.
Whether you think we're just about to enter another crypto bull run in the next two months or think it won't happen for another two years, Bittorrent is going to be Yuge. Mark my words right now.
For the immediate short term, I'm waiting for this down channel to play out, and will obviously be looking for a breakout at the top of the channel, contingent upon seeing an increase in bull volume.
If you've been riding this BTT wave for the past two weeks now, awesome. Lots of fun. I'm always trying to find diamonds in the rough to add to my portfolio, if nothing else, for the thrill of it possibly going huge.
In this case, I think BTT has ridiculous potential. I've had a lot of fun in the past week, and the chart is looking good.
Never financial advice; I'm just another dude talking about crypto on the internet! Deuces!
Just a Correction? Don't follow the HerdThis is an Update on my previous analysis this time I updated the H&S pattern to the correct drop target, with a few more indicators. And adjusted the drops to match similar time frames to the 08 crash. "The Economy Moves Up like a stair but it Drops like an Elevator"- Phil Town
OVER EXTENDED & PEOPLE ARE SPREADING FOMO
After a +9 year Bull run, the market is going strong. Everyone is buying and everything is going great, Weed stocks are going to make me rich! Weed stocks like NASDAQ:TLRY are going parabolic! Well until the last few days it isn't... We've seen and heard stuff like "Its just a correction." "Buy the dip." " Great time to Buy more." "Dollar Cost Average" etc. Well I'm here to say otherwise!
SMART MONEY IS GETTING OUT
If you've been following Warren Buffet , Ray Dalio and even Mark Cuban and all the other big Financial Investors/Smart Money you probably heard they have been pulling out of the stock market in Spring and are stockpiling cash. The problem is we are nearing the very end of the bull cycle and we are overdue on a Recession.
ECONOMIC IMPACTS
I love being a bull as much as the next guy especially since I have an online business but this growth is unsustainable with company share buy backs this October's Blackout is just the tip of the iceberg, the housing market slowing down due to climbing mortgage rates places like Texas and California are having a tough time selling Houses, Fed raising rates, weed stocks outpacing their true value, the Trade War Tensions between China and US.
HISTORY REPEATS ITSELF/ MARKET CYCLES
The main causes of the Great Depression and Great Recession lie in the actions of the federal government. In the case of the Great Depression, the Federal Reserve, after keeping interest rates artificially low in the 1920s, raised interest rates in 1929 to halt the resulting boom. That helped choke off investment. Also, President Hoover signed into law the sky-high Smoot-Hawley Tariff, which stifled trade and damaged American exports throughout the 1930s. Finally, the President signed a large tax increase into law in 1932, which halted entrepreneurship. READ MORE: fee.org Everything there sounds very similar to whats going on except for the tax increases, we got tax cuts instead, phew.
If you don't believe me, Educating yourself from one of the best economists/hedge fund managers Ray Dalio on the BOOM & BUST Cycles :
Selling bull put spreads under the stockOne of warren buffett his subsidiaries want to acquire this company. This deal will once get done but can take some time. Thick bids will possibly remain under the stock. That's why i'm selling a bull put spread under the stock. Don't expect this stock to go much lower.
