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News-Driven Market Keeps Going


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#11 redfoliage2

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Posted 07 November 2021 - 11:51 AM

Newly elected mayors want to be paid in bitcoin:
https://www.google.c...ss-59166017.amp

Edited by redfoliage2, 07 November 2021 - 11:52 AM.


#12 K Wave

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Posted 07 November 2021 - 03:45 PM

Newly elected mayors want to be paid in bitcoin:
https://www.google.c...ss-59166017.amp

I remember when Gisele wanted to only be paid in Euro...what was it 2007... about 14 years ago? Geezus...where does the time go???

 

Euro topped shortly thereafter, and has not seen those levels since...

 

Could Bitcoin get a last frantic ramp job over $100K...possible...if it can reclaim 64K relatively soon...before 60K gets broken again.

 

But this kind of stuff is nearly always very near a speculative peak....

 

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#13 redfoliage2

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Posted 07 November 2021 - 06:35 PM

 

Newly elected mayors want to be paid in bitcoin:
https://www.google.c...ss-59166017.amp

I remember when Gisele wanted to only be paid in Euro...what was it 2007... about 14 years ago? Geezus...where does the time go???

 

Euro topped shortly thereafter, and has not seen those levels since...

 

Could Bitcoin get a last frantic ramp job over $100K...possible...if it can reclaim 64K relatively soon...before 60K gets broken again.

 

But this kind of stuff is nearly always very near a speculative peak....

 

eur.png

 

Albeit its volatility I see bitcoin 100K within a year.....................



#14 redfoliage2

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Posted 08 November 2021 - 11:15 AM

Bitcoin on fire today and it looks to me that Bitcoin is trying to breakout, but let's see if it can hold it thru in the overnight futures market .................


Edited by redfoliage2, 08 November 2021 - 11:20 AM.


#15 redfoliage2

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Posted 10 November 2021 - 08:02 AM

CPI out this morning is going to show a persistent inflation.  I'd expect more money flowing into anti-inflation assets such as gold and bitcoin................


Edited by redfoliage2, 10 November 2021 - 08:03 AM.


#16 redfoliage2

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Posted 10 November 2021 - 10:22 AM

Gold looks good to 1900 and above.  But for Bitcoin near term there is a good chance for it to back-test 60K - 63K area   ......................


Edited by redfoliage2, 10 November 2021 - 10:29 AM.


#17 redfoliage2

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Posted 10 November 2021 - 02:43 PM

The market is in correction mode and from the current level to the next support at SPX 4500 is about 140 points, that may be just a minimum for this correction .............



#18 redfoliage2

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Posted 11 November 2021 - 12:47 PM

Liquidity crunch continues today after the Fed warned about rising prices of risky assets.  I'd be prepared for more downside for the risky assets including high flyers of stocks .........................



#19 redfoliage2

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Posted 12 November 2021 - 09:26 AM

10 Year Bond yield turning down today, indicating the current round of inflation hype may be over...................


Edited by redfoliage2, 12 November 2021 - 09:35 AM.