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I'm not sure I follow. If you are looking for longs in this down move, and you have these levels, how can you take credit for taking a long at the 50%, but not say that a long at 38.2 is a fail? Of course you can use a wide stop, and maybe your strategy is to take the 38, the 50 and the 68...

I concur that today, when looking at the whole day, some good fibs provided very profitable trades. The pink fib from the low to A gave a nice 50% at B. You can even see a bounce at the 38.2% in there as well. Then using a new fib from the low to C gave the nice 50% at D, as @easymon1 points...

Furthermore, the reason why I say its a bit hindsight, is because that low that we use at 3810, we don't really know at the time that it will be the ultimate low. If we do this in real time, we might think the low at the blue fib retracement will be the low, and sure, here it turns just shy of...

You do a very good job of illustrating your point, but I think there is lots of hindsight bias going on here. If we are to take a short at the 23.6 like in your second chart, we have to also assume that a short should be taken on the first chart, and there is blows past 23.6. Sure, you can...

Don't expect history to repeat. The rates just came off the lowest level, and for the longest time, ever. They are starting to raise now, but its a fraction of what was necessary in the past in order to control inflation. If they truly want to kill inflation, the rates will need to go much...

Agreed. And this time, they are saying they will do whatever it takes to get inflation down. At least this is the message I am hearing.

Watched a video on this yesterday, and it seems like the guy had it planned all along. And of course, all the bitcoin apparently went missing. The trail went cold after it was transferred out of the LFG wallet. I bet not one coin was used to prop up UST.

Did your C2 account get hit by another huge drawdown from averaging down?

Exactly right. After a big overnight drop already, you have to always be mindful of the gap fill. You can't just take a short at the open even if you have high confidence in the day ending very low. If you simply short at the open after a huge overnight drop, you will get killed half the time.

I didn't quite quite follow too well where you were going with it. I thought that perhaps you meant that the Chinese citizens will weather the lower quality of life much better than Americans if hard times are upon us. But I wasn't quite sure what you meant by the Chinese executing their...

Care to elaborate?

On top of this, I would say the more this happens, the less power and influence the countries that continue to print will have. For decades, the US was able to print with impunity. Once the rest of the world moves on to a harder form of money, it becomes much more difficult to convince the...

I'm in it for the hope that it brings to future stability. Money creation has to be separated from government (just like the seperation of church and state). A Bitcoin world standard will literally end wars and fix inequality. It will curtail the government and allow the private sector to...

Wow, this is getting crazy. All of this happens all the time in USD financial world, but now that there is a way to track it, it's not a surprise that the insiders are shown to always be rescued.

I think he meant USDT and not Doge

Its kind of funny that this is a doge/usdt chart. If USDT somehow implodes, that chart is going to the moon! :D

To be honest, I never understood why people would have so much money in a stablecoin. Sure, you have money in Luna because of the price appreciation, but with UST, its a coin that is pegged to the dollar, yet carries no extra incentive but extra risk. You could say exchanges needed this...

Darn, another bad update maybe? I'm not trying to call you out on anything, you've always been an excellent and honest poster, sharing the wins and losses, so I don't mean anything bad. Just curious to ask why you had those big losses in there and why you went private now. Lots of people say...

Who is telling you???? :sneaky:

I agree, but lets face it, if things are this bad, even for the people with cash, the future will be bleak. Everyone in big cities will starve to death. The food will stop arriving. And all the condo people will probably not have any running water, so living 30 floors in the sky will be a...