- BITCOIN, BITCOIN, BITCOIN.
CGTS Algo Trading System
CGTS THURSDAY: BITCOIN TAKES OFF AGAIN
Dec. 17, 2020 10:42 PM ETOTC:GBTC
As to why bitmania will likely have staying power, well, as Juckes concludes, "Afficionados believe that central banks who have turned the monetary tap wide open at the back end of a historic era when a surge in the global labor force, and huge technological change have kept inflation at bay, will be too slow to rein in inflation when these forces fade."
BITCOIN SOARS. New RS LEVELS drawn: NEXT TARGET: 39.99.
A chart I have been watching and am still watching. Solid state EV battery-maker. I almost pulled the trigger on call options last night. Should have. QS is supported by SPAC Giant KCAC, KENSINGTON CAPITAL, another chart I have been eying a bit greedily.
What about BLNK?
Those of us who are invested like it. Those clinign to the outmoded nature of VALUE are angry; those who want Western Civilization to lose, don't like it either. Those who don't like inequality of wealth don't like it; they want a GREAT RE-SET, a GREAT DEPRESSION, A GREAT DARK WINTER to punish...who exactly? TRUMP? TRUMP FOLLOWERS? There ARE Trump Follower all over the world, in fact. The same duality that drives Americans to exaggerated passions and ridiculous conclusions also drives every nation on Earth, every family, every individual. DAY-NIGHT. Which side are you on? Are you on the side of the COLD DARK WINTER, the Night, or are you on the side of LIGHT, the DAY, THE SUMMER, THE PERIOD OF GROWTH? (Liquidity trumps Value any time as a market paradigm. Yes, liquidity has side-effects. Value does too. Value side-effects are missing out of most of the major ralies over the last 30 years.)
The health of this rally?
The BEAR will be roariing again when C1=1, BUY, is less than 50%. Our system gives FOUR Count readings. C1=1, BUY; C1=2, TRADING SELL, STILL BULLISH; C1=3, BEARISH, SHORTSELL; C1=4, BEAR RALLY, TRADING COVER.
COUNT3 is a longer-term COUNT System, slower.
Of course the FED's liquidity policy is backstopping the markets. Is this new FED policy. It seems that this policy has been in the marking since the 1987 CRASH, when the PLUNGE PROTECTION TEAM (FED, TREASURY, political leaders) assumed the federal responsibility to NOT LET MARKETS CRASH.
Is this FEDERAL involvement in the markets a good thing? Good for whom? Do we need to judge this policy through the adolescent morality lens? If our view becomes that everything is both good and bad at the same time, then our view becomes...less adolescent. Everything and everyone is a mix of good and bad, light and darkness. No one, no thing, no nation, no political party, no family...is light only or dark only.
FED policy is what it is. You can ignore it, resist it, condemn it. Fine. Be alert; it does have repercussions.
When the market really poops out -- let's not hear any more about BUBBLES, please -- our early-warning indicators will let us know, first PROP2 and MOMO1. Right now they are very positive.
What is the point of showing this? 77.62%, the reading today, is a long way from 49%. We are watching for you. We will let you know if the marketscape deteriorates.
If the top two CROSSOVERS go negative we will sell and short the markets.
CROSSOVER TRADE: This trade is based on the CROSSOVERS above. We are LONG, and we are up 42.98% this year in this trade.
COUNT2 BUY SIGNALS
Quite a few BITCOIN ENTITIES on this list. MGTI also. We like this one less; it has not been a remarkable mover.
ABUS, ARBULUS PHARMA: we like this one.
RP: coming later
New York City OUTDOOR DINING with COVID RULES.
The Decimal Point That Blew Up The World
by Tyler Durden
Thursday, Dec 17, 2020 - 19:20
What was the basis of panic that led the lights to darken on civilization?
The most important date here might be March 11, 2020. That’s when Congress itself flew into an unwarranted panic, and acquiesced to a lockdown at the urging of the “experts.”
State governors followed one by one, with few exceptions, and the rest of the world joined the lockdown frenzy.
Yes. CAT FIGHT!
Best to all.
Disclosure: I am/we are long GBTC, SOLO, BLNK, LTHM.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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