Title says it all, folks. I been busy hustling and schooling but occasionally you'll see me pop back up out of nowhere, like a wack-a-mole with a vendetta. With the certainty of political uncertainty looming; high-speed post-nuclear WWIII with Korea and Iran, Second American Civil War, mass deportations, impeachment and/or invocation of the 25th amendment, complete restructuring of the federal judiciary, reversal of Roe v. Wade, Puerto Rico underwater literally, everywhere underwater financially, making quantitative easing an increasingly likely threat to economic stability, and the rich simply get richer. If you took the last trade I posted on Bitcoin with the Elliott wave, you're making tons of money, it's falling from the sky, growing off the trees, so don't be a greedy bastid and push your luck like the Adams and the Eves. Instead, lock in profits, pay your bills, keep that credit score above 800, and prepare to hunker down for the eye of the storm. No one knows what's going to happen anymore. These are the games and the powers of the billionaire elite. They make us fight amongst ourselves just to keep us compliant, keep us complacent, and keep us off their backs, while they roll in the dough and slaughter your parents' retirements. The FBI turned the Black Panthers into the bloods vs the crips, the British Empire created India vs. Pakistan, and the Whigs were split into the Country Whigs vs. the Court Whigs. However many historical examples you need, I've got 'em for ya. Don't be a fool. Take some money and run while the opportunity is there, instead of taking a foot up the you-know-where. Typically bitcoin runs up in the final quarter, which is what we're seeing, but it drops off right around the new year, so KEEP THAT IN MIND, and remember that anything can happen. Godspeed Hunters and Huntresses.
This could be the best post ever seen on Tradingview.
Piptocurrency
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@cjlampasso, Thanks for the kind comment! That means a lot. I try to give my lovely viewers a glimpse into my thought process, serve up a slice of history, and encourage people to consider the underlying fundamentals in addition to the technicals that we retail traders are so fond of, because that's what my mentors taught me. Shout out to Professor Jay-Z, Rick the Rich Guy, One-Eye Jim, Mr. Stoner, and the Red-Belted Grandmaster, my mentors! hahaha much love.
Newharley
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Wow great stuff thanks for the comments. I would love your thought on LTC I am heavy in litecoin any words of wisdom?
Piptocurrency
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@Newharley, Thanks for the comment Harley! First I answer a question with another question. Are you heavy into profit? My advice would be to start chopping that position in half a few times, and convert a chunk of that to CASH fiat immediately. Cash is your true ammunition. I bought LTC around $3.50 or so and sold around $40-45. I believe it will come down to single digit prices again over the next year, of course these are very rough predictions. MY unprofessional opinion is that will be a good buy in period. If you see my ETH post from a while ago, I correctly predicted that it would get crushed. My philosophy on both of those coins is this: "The bigger the market cap, the harder they fall."
Fundamentally, it is clear that LTC is quite popular, it has been established but this does not make it an inherently good investment. We also see a nice clear triple top forming on the chart, and it is slanted to the downside. On the other hand, it could always pop again, so it's not bad to keep part of your position and CLOSE IT when the pop happens, but I do not think it will have a very BIG pop for some time, several months. For this reason, If I were you, I would start selling big chunks. It also depends on what you think bitcoin will do. I think bitcoin may continue to run up for a month or two, but nobody knows. Final thought is that you want the price to get crushed, liquidity will be dead, when it looks like there is no hope for the coin's survival, and everyone starts to say so, wait for the first hint of a true reversal, and that's the perfect time to buy. I will try to do a chart to show you what I see in the future but may not be able to for some time. It's a good idea to keep track of market cap and daily volumes so that you can identify trends. If you really like the coin then keep a small position but start getting out sooner or later. That's just my personal thoughts, thanks for the comment.
Newharley
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@Piptocurrency, Thanks, man Profits oh yeah I am good was just hoping and thinking we would see triple digits in the next 8 months...oh well devcon in Cancun in a few weeks guess I can upgrade my hotel...lol
Piptocurrency
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@Newharley, to be honest it's quite possible, I just like to take a conservative strategy of guaranteed wins even if they're smaller, that's just my personal style. small wins and more ammo is better than underwater waiting or big losses. Sounds like you're doing just fine though, number one rule is follow your instinct, and your intuition, and follow what you SEE, not what you would like to see. Stay away from hopes and emotions! Life is all about enjoying the simple luxuries and I think you plan is a good one, cheers.