OT:
https://www.cnbc.com/2022/05/31/jim-cramer-charts-suggest-a-very-nice-summer-for-stocks.htmlEveryone here knows that I fkn hate Jim Cramer...but here he is actually talking about Larry William's stonk market predictions. And Larry is actually pretty good with his market predictions.
Two takeaways:1. Larry Williams is expecting a summer mega bull run in the stonk market that could last at least until September.
2. We know that the Bitcoin market is somewhat correlated with stonks right now, and in this case that could actually be a good thing. We might come roaring back into the lower $40k range, perhaps even higher into $50k-ish territory. It would also firmly signal that the bottom is in.
So a relief rally that is more than just a relief rally might actually float all boats, including Bitcoin.
Let's see how things play out.
I love bullish Torque. And I think your scenario as started is a strong possibility.
I have often doubted this trajectory as I believe the powers that be (whoever they are) have the ultimate goal of
destroying the market.
But the light bulb that went on for me that supports this theory is there is more than one way to skin this cat. It is easy to think of the destruction of the US financial system as a collapse. A contraction. An erasing of value from the ledgers. But perhaps the way to this end looks more like Weimar than 1932. That we might see them inflate the thing to the point of exploding rather than try to crash it. In fact the explosion will be the crash. And the advantage they will have is they will know when and where to go to avoid the destruction that this will ultimately bring.
Knowing WHEN that singular evaporation of value is coming is not something we can do... so we have to front run the evil fuckers to the exit door.
Lucky for us we built our own exit door. And they hate it because they do not control it. AND they are realizing they too will be forced to use it (in part).
So we get to sit here in the cheap seats as they progressively become the front row center to watch this tragic comedy unfold.
It's tempting to buy a little APPL or TSLA or something.. lol. But nah... yall have your fun... I will be over here waiting.