This is my opinion on how euphoric trends finish. You can see similar logic in the comments of my linked article on the oil market bottom in 2015, and also the comparison chart shown here. When a trend compresses and becomes crazier and crazier... that's the candle you're looking for.
Though being real, I've been bear for quite a long time on this market. Bit too early, #weakhands. But this is just ridiculous. We need to cool off for a while. Not to mention end of year positions closing.
Dip buyers should start preparing.
Buy the dip, average down your spot buys. I'm 50% deep
Margin long capitulation is all I'm watching now
Price is in freefall, capitulation candle. Shit is getting spicy
50% scaled out of the posistion, daily RSI has broken out, quarterlies out of sellers after closing into the margin short liquidation.
All out, thanks for the ride.
A world currency (dubbed 'Phoenix') predicted to be in existence by 2018, in a January 1988 'The Economist' editorial:
"THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century."
"WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST" Rothschild's
"The same situation with cryptocurrencies, but this is only the beginning" Master EXCAVO