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It's not whether it can "rise above 25K". That's already been done on a number of occasions. It's whether it can CLOSE above 25K.

Yup, still short. Good volatility for sure but the bulls still can't get this damn thing above 25,000. Once it closes above 25,000, I'll reverse. But until then, I plan to just sit tight and watch the surrounding scenery. :) Here's a snippet from my previous reply:

No, I wasn't mocking you. :) I know nearly nothing about the crypto space so I'm interested in hearing about it. Anyway, thanks for sharing. But how the hell do you keep up with all this (news, twits, discord and all)? I can't multitask. Just looking at the damn chart is a full time job for me...

I'm not sure how to respond. Do I seriously want to invest in something that crashes 90% 4 to 5 times, although it might recover its losses? Luckily, I'm a very short-term trader. :) Fair enough, but I'm solely basing my opinion on the technicals. I'm nowhere knowledgeable about bitcoin as you...

So my question is this. Please read with some thought before jumping to conclusion. You have poor reading comprehension. 1) Why is the government giving out handouts to the rich without any strings attached, when in fact they can get by without those handouts? Most people with over $250K do not...

As I stated elsewhere, swing trading (and anything longer) is lethal in this environment.

I'm all ears. Let me in the details. :)

But look at how much it fell from its ATH. For one thing, you normally wouldn't see a V-reversal at the bottom, followed by one big leap up to its previous ATH. There will be many many pullbacks along the way. Consider these as a pause to take a breather. And they're actually a good thing. You...

If the recent moves weren't so parabolic, then I would agree. This is not good in the long run. How it goes up is usually how it comes back down. I know you want to see it go UP, UP, and only UP. But that's not how the market works. This kinda reminds me of the Nasdaq bubble in 1999. It was the...

Why am I not surprised? This is the same Goldman Sachs that sold worthless subprime CDOs to their gullible clients and then turned around and took out an insurance from AIG in the hopes that those CDOs would fail. And we all know what happened in 2008.

BTW I fully agree with you that nobody should get free lunch. Everyone should work hard for their equitable share of the pie. What I'm bitching about is how the government is unfairly giving more and better access to the rich, but at the same time limiting the poor to the same financial...

There, you said it yourself: the living conditions of these groups is much worse. And therein lies the difference. If you're just a lazy slacker who is living off of welfare, your living standard will remain crappy even after you get the monthly check. You still belong in the lower rung of...

It's gonna happen. Just don't say I didn't (say it) when it happens.

Why ask the obvious? If Powell had brains, SVB wouldn't have gone bankrupt. He would have foresaw that coming. He's now in a very tight spot. I bet he's like a deer in the headlights. (BTW what's the difference between lowering the rate and giving out free money to the depositors?) No change in...

Or you can just call it "class warfare", where one class unfairly benefits at the expense of the other, thereby creating economic antagonism. The question, however, is not about "having enough" of anything. It's about having "not enough" in comparison to what others are receiving. If everyone...

Yes, yes, I get that. But these companies should have diversified their funds. We were in a bear market since January of 2022. They should have known this type of blackswan event could happen. Anyway, we've bailed out banks and investors in 2008. Now it's the depositors and VCs. You can clearly...

I think it will break below the zone. Credit Suisse, along with Deutsche Bank, is a rogue bank. They should go out of business. As far as I can remember, they always get into trouble in one form or another. If not that, they're always stirring up scandals for themselves. They're run by thugs...

The point of this thread should be about FAIRNESS. Is it fair to rescue the wealthy while ignoring the poor? Why should the government help those who held more than $250,000 in a failing bank (they don't need any help IMO) but throw those with minimum subsistence under the bus?

Please read the title again carefully: Socialism for the Rich and Capitalism for the Poor ! Protecting the rich while discarding the poor will, by definition, lead to large wealth inequality. That, in turn, will erode the middle class. This will lead to class war between haves and have-nots...

And you've provided PnL yourself to prove that your calls and your trades line up? Frankly, that's pretty laughable coming from you. Dude, you are the real poser here. You never post any trades in real time (same for @destriero). Zero, nada, zilch. And yet you show no restraint how great your...