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You Know Nothing About Bitcoin Jon Snow
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You Know Nothing About Bitcoin Jon Snow

by The MoleDecember 11, 2017

I pose that Jon Snow would actually have a better lock on crypto currencies than any of those wannabe-experts that currently seem to be popping out of the woodworks. Jon for one may actually instinctively grasp that convincing others of your quest requires a modicum of evidence demonstrating your competency in the subject matter. For example in during his personal quest he had to demonstrate a) that the White Walkers existed and b) that can they be killed. In the supposed bitcoin expert’s case I would only need to ask two simple questions: a) where were you when BTC was trading below $500 (or less) and b) why didn’t you tell me to buy it then?


2017-12-11_BTC

If nothing else Jon would surely understand that pretending to be someone you are not and acting on that pretense may not just get you killed in the process but most likely others as well. Which of course brings me to the current bitcoin sponsored gold rush that’s playing out in the main stream media. Whoever Satoshi Nakamoto really is, I’m pretty sure he’s regretting he wrote that damn white paper by now. Not because bitcoin in essence is a bad idea, actually is a fantastic idea which I believe will come to fruition over the long term, but because before things settle down and ‘normalize’ a lot of people are going to be really hurt in the process. Or perhaps he knew and simply considered it to be collateral damage – I wouldn’t put it past him (or her?).

Judging by the chart above a lot already have, don’t let the current price fool you. After almost a decade of being the humble host of a popular trading blog I just know how retail thinks and operates, I’ve seen them steer straight into financial abyss many times and nothing I or my fellow travelers offered or suggested made any difference. And that was before the world began to embrace a crypto currency that currently seems to swing in 20% ranges on a daily basis. That would be called ‘f…ing volatile’ in regular forex if it happened on a monthly basis, so I’m sure you can appreciate my apprehension.

2017-12-11_BTC_futures

But enough now with all the bitching, as this post is supposed to be celebrating the fact that bitcoin futures officially started to trade on the Cboe (symbol XBT) yesterday evening, soon followed by a similar contract on the CME (symbol BTC) this coming Sunday.

Which IMNSHO is excellent news for obvious and not so obvious reasons. The obvious one is that we as traders and full time evil speculators will be able to buy and sell bitcoin futures contracts at the NBBO on an established and tightly regulated U.S. based futures exchange. And it goes without saying that I have a lot more confidence in the Cboe or the CME than in any of the current crypto based startup exchanges such as  BitMEX (USD), OKCoin (USD), or bitFlyer (JPY).

The not so obvious reason for my not so youthful exuberance regarding bitcoin futures is that in my expectation they will, over the long term, have a positive impact on the pricing of the underlying BTC as well. Which I am confident will eventually trickle over into various other crypto related currencies and markets. As for right now we’re still in pretty uncharted territory and the daily panel on the XBT shows us one candle which is about 500 candles too early to produce any meaningful technical context. Which over the coming weeks and months relegates us to solely the short term panel, and for playing small swings that’s probably fine, although I usually prefer additional context.

2017-12-11_ES_LOOONG_TERM

Now the theme of this post was chosen quite deliberately as I myself did a lot of soul searching over the past few weeks and months. Unlike many of the current bitcoin pundits and self proclaimed experts I actually bought some bitcoin at < $400 back in 2014. But it was mainly as a backup payment mechanism for my frequent nudie bar visits (just kidding) and to simply get my hands dirty and learn how that ‘bitcoin thingy’ actually works (not kidding). I’m still holding some of that (as nudie bars in Spain are overrated) and if I had any sense I would probably have sold it all by now.

But the result of all that soul searching is that I had no idea that BTC would be trading at friggin’ $17,000 just three years later, otherwise I would have sold all my earthly possessions and pawned my wedding ring in exchange for some of that digital gold. And in the same fashion I never dreamed that the S&P 500 would be trading at 2600 when it was scraping $667 a decade ago. And I didn’t think it would when it was trading at $1000, $1,500, even $2000.

The long term E-Mini chart above is posted here for a reason because I want you to meditate on your own personal predictive ability and then think long and hard about whether you think that you know anything about bitcoin, least of which where it will be trading not just 10 minutes from now, but a month, or a year from now.

And although these are mainly academic questions in that you never truly know where a financial asset or its derivatives are heading, it should be the very first question that needs to be addressed when considering a substantial investment in any of the currently available crypto currencies. Again, I’m not saying this to be negative about crypto, I very much believe in the concept, especially given the global con that’s called government issued fiat currencies. I’m strictly approaching bitcoin as I would ANY financial asset, be this a currency, a futures contract, an option, a bond/note, a stock, or what have you.

Time To Grow Up

From this perspective the issue is settled fairly quickly, at least in my mind: Treat bitcoin and its various crypto offshots no different than you would any other financial asset out there. Yes, it’s currently exploding and you don’t want to miss out on a ‘once in a lifetime opportunity’. Well, sorry to break it to you pal (or gal) – you already did unless you bought it at < $1000 or better < $500. That train left the station a long time ago.

From here on out however bitcoin needs to be treated as a regular financial asset with its own characteristics and of course specific volatility considerations. The latter will most likely continue to plague us in spates for the foreseeable future but I am confident that things will in the end begin to slowly normalize. And that, beyond the current gold rush, would be an extremely positive development as it would signal to the rest of the investing public that Bitcoin has grown up and is here to stay.

 


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • HD

    All the hipsters are gaming Bitcoin. Maybe the smarter trade is investing in the blockchain technology at this stage. BTL for example. Don’t wait too long.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    nudie bar in Spain. too. FUNNY.

    meanwhile, parked outside..
    https://i.pinimg.com/736x/21/b9/66/21b966c9195daf9fdb7dae19e8f1002d–donkeys.jpg

  • http://evilspeculator.com Sir Mole III

    Yes, ETH for example and there are other exciting startups out there. If one is out to make a mint by getting in early then the blockchain is the obvious sector and not crypto currencies.

  • ridingwaves

    the problem with shorting BTC is the 1000 whales that own 40% of it….they can push the market anywhere…shorting it could be disaster, just as much as buying it near any tops..

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    when did I predict ES at 2600?
    two months ago
    not good enough?

    You’re the Best Mole. {Light & Love}
    https://disqus.com/home/discussion/evilspeculator/no_casual_fridays_at_the_lair/#comment-3576623974

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III

    Like in any early futures market. I think this will gradually sort itself out though.

  • HD

    not a twitter brag but back in early Nov for shitz and giggles shared a speculative 3 of 3 for bitcoin. It’s rallied $10,000 since then. That’s not the shocker, If you think we are in a primary 3 bull market for equities it may be mapping out the path for SPX. Obviously not in time but price trajectory. ie DJI 100,000 w very limited buying opportunities.
    https://twitter.com/HDivot618/status/927726806597120000

  • StockTalker

    Anyone know the Bitcoin Futures symbols?

  • BobbyLow

    Hey GG, just a FYI, I flipped my Oil Short to Long in Pre Market this AM. The main reason I did this is because I’ve switched over to my faster time frame mode for the time being. I expect increased volatility this week due to the Fed on Weds and Op.Ex on Friday.

    As you know every chart can tell a different story dependent upon time frame. So as of this moment, I’m long Oil and still short Gold.

  • BobbyLow

    Here’s a couple of Bit Coin trusts. GBTC and BIT. I searched the other day and this is all I could find for now.

  • StockTalker

    Noticing a shift to exotics, folks looking for safe havens.

  • StockTalker

    Thanks bro, looking for an options trade.

  • http://ibergamot.blogspot.com/ i Bergamot

    didn’t predict the number, but was buying at one of those blue candles…

    https://disqus.com/home/discussion/evilspeculator/hotel_brussels/#comment-2983604487

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Oil’s been stuck for over a year. Higher is not out of the realm of possibility.
    [USO]
    http://stockcharts.com/h-sc/ui?s=USO&p=W&yr=2&mn=6&dy=0&id=p48964503533

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    VRX is now 20 from 8 when B Ackman sold out….ouch, that is got to hurt….looks like plenty of upside left..
    SNAP still getting on…

  • Mark Shinnick

    Its a great lesson…one misses moves all the time so that really should be the end of it.

  • Darrell Osgood

    How does one invest in blockchain? I was under the impression that you invest in companies that are using (i.e. starting to dabble) in blockchain technology (like NASDAQ the company, IBM).
    But then we never know if they will implement the technology correctly. I have seen too many CEOs stuck in the past (ahem, Detroit) who pay lip service to a new technology or methodology but undercut the division of the company working on it. Actually, I previously worked in one of those divisions.

  • ridingwaves

    interesting, I have seen this in action also and with the same Detroit folks…

  • ridingwaves

    L BOIL s 6
    L AVXL 3.15 S 2.88 seems cheap with conference call coming up…scalp…

  • Julie

    Stopped out of SPX short from Friday on open for an approx. 3 pt loss. Plenty of dry powder
    JULIE

  • Mark Shinnick

    That’s good, market wise, volatility slo crush continues. Did you get some on the slopes?

  • StockTalker

    /NDK weak link right now

  • HD

    The CBOE is offering /XBTF8

  • Julie

    GDX A second test of it’s daily 5 ema (Friday and today)
    JULIE

  • StockTalker

    Time to growl, claw and drool bears, otherwise it will be a long winter for you:)

  • Julie

    Mark the skiing has been great. The “Cold Smoke”
    JULIE

  • Julie

    GG Looking at approx. 44.38 INTC for the shortable lower high CAT The lower high possibly now.
    JULIE

  • Mark Shinnick

    …and so quiet-muffled too…that is so nice to imagine 🙂

  • Tomcat

    Raising my stop for $ES. Gold on the other hand, is looking very shaky. Not even what happened in NYC provided any sort of support.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    good luck with CAT, red daily, but trend is up. up,….AND up.
    guaranteed bloody nose.

    http://stockcharts.com/h-sc/ui?s=CAT&p=D&yr=0&mn=6&dy=0&id=p74325980691

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    A-ha!

    https://www.coldsmoke.coffee/home/

    am I DOX’ing here?

  • kim

    Monero seems quite promising because of it’s anonimity. Not just for darknet stuff, can’t imagine a business would want everyone to know what they are doing with their money, which is case with BTC.

  • Julie

    GG Looking at F to short the lower high retracing 61.8% Will enter on 10 min below VWAP and 10 min 8 ema Will be a small position. Will post if I pull the trigger
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I dunno. F likes to chop around for weeks.

    how about JUNO?

    http://stockcharts.com/h-sc/ui?s=JUNO&p=D&yr=1&mn=0&dy=0&id=p54842597307

  • Julie

    Wow GG JUNO just busted down thru the neckline of a H & S pattern. Good eye Bro !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III

    Dude – I mentioned it in the article!

  • Julie

    F Short against 12.63 small position
    JULIE

  • StockTalker

    Lol, sorry. Still trying to catch up on Sundays post.

  • StockTalker

    <Market waiting for Wed rate hike

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GE retesting the very high volume selling climax low of mid November on way less and declining volume. HMMMM !
    JULIE

  • StockTalker

    For a lousy 400usd one could grab 2 or 10 yr contract.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG GE must have a bullish close above it’s daily 5 ema before I bite then above 18.06 resistance.
    JULIE

  • ridingwaves

    snappy kind of love

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    sounds very prudent, and disciplined.

    good job.
    http://stockcharts.com/h-sc/ui?s=GE&p=W&yr=1&mn=0&dy=0&id=p13651081251

  • BobbyLow

    Don’t want to do it too much but I’ll allow myself a 🙂 for so far today.

  • Julie

    GG SPX going sideways intraday 10 min chart into an uptrend line with the 10 min 21 ema approaching Could be an important inflection pt
    JULIE

  • StockTalker

    Yuck!! Damn bears, no balls

  • Julie

    I hear ya !
    JULIE

  • StockTalker

    What to do with all these Bitcoins, trade for gold? 16666

  • Julie

    SPX Perhaps short this Jasper 10 min chart with a 10 min candle closing below the 10 min 21 ema https://uploads.disquscdn.com/images/e750926befab440d66f6c8286d3636321024eaa5af00ed10a179f99ad3ec5a54.png 2665.19 stop (last Monday’s high) Wait for close and I may take a small short probe JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    could be a trap….how about let TVIX bottom first?
    ;-D
    http://stockcharts.com/h-sc/ui?s=TVIX&p=D&yr=1&mn=0&dy=0&id=p20090078812

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    bears hibernate in the Winter.

  • StockTalker

    No, that’s chatter box:)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    LOL.

  • StockTalker

    Dammit Jim!

  • Julie

    GG Chatty Kathy ? LOL !
    JULIE

  • BobbyLow

    It’s more than that. Here’s a preview of what they’ll be writing about Bears in years to come.

    http://www.telegraph.co.uk/culture/art/art-news/5596737/Uncovered-350-year-old-picture-of-dodo-before-it-was-extinct.html

  • Tomcat

    The close of natty is looking bearish. The cold weather throughout US provided earlier in the day but has dissipated since.

  • Julie

    GG INTC sure having trouble with it’s daily 5 ema. You would think the bounce off gap support and 55 ema would be stronger. We want the shorter high which could be 43.38 for the short. IMO 47 was top and a longer term short entirely possible. The monthly and weekly charts I posted previously indicate 47 a possible top
    JULIE

  • Julie

    Mistype 44.38 not 43.38
    JULIE

  • Julie

    Good Grief F Dipsters bot the daily 5 ema three times today which is the equivalent of the 10 min 195 ema Give it up Bulls !
    JULIE

  • Julie

    SPX A ramp in the last 30 minutes ! Too Much !
    JULIE

  • Mark Shinnick

    Largely normal for a number of years now.

  • http://evilspeculator.com Sir Mole III

    If you can’t take the heat stay out of the kitchen! (ducks)

  • Julie

    I am ok Mole No position SPX stopped out on the open this a.m with approx. 3 pt loss. Plenty of dry powder. Only position a small short position F opened today
    Julie

  • http://evilspeculator.com Sir Mole III

    Good girl! Not a good week to make big bets on equities (see prior post).

  • http://evilspeculator.com Sir Mole III
  • Julie

    Mole the last two weeks of December the Santa Claus rally. Thanks Mole. Mole I have had a great year The Lord has blessed me and my family … health .. financially. If you have a favorite charity or organization on behalf of this great blog,,,,, Chief I Think You Get The Picture
    JULIE

  • http://evilspeculator.com Sir Mole III

    Yes as a matter of fact I do: The Global Trust For Politically Incorrect Market Megalomaniacs. We accept mainly Bitcoin or cash donations in unmarked Dollar bills. OR you could just buy a subscription ;-P

  • http://evilspeculator.com Sir Mole III

    Seriously now – don’t donate to charities, they cannot be trusted. Reach out in your own locality and I’m sure you’ll be able to quickly find someone in need who deserves your support. If need be go to a church and ask around – but again don’t get hoodwinked into signing up to some charity there either.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    (blondes can’t cook) {snicker}

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    the stock is crazier than the management. mostly traded by drug dealers and tiger MILFS.
    😉

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I know there is good in you. The Emperor hasn’t driven it from you fully.

  • http://evilspeculator.com Sir Mole III

    No reason for insults, GG!!

  • Mark Shinnick

    …fellow travelers? Cool.

    Something about this environment reminds me not to get caught up in its abject insanity.

  • http://www.captainboom.com/ captainboom

    I’m envious. I make do with the little ski bump hill down the road. A whopping 300′ vertical. At least it keeps me in shape for the Colorado trip in Feb 🙂

    http://www.skibittersweet.com/pages/home.cfm

  • StockTalker

    +5 /ZT for tomorrow 107’030

  • http://evilspeculator.com Sir Mole III

    Guys, I need a day of reflection on where I am heading next. Keep it clean and frosty in my absence.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok. ok.

    You are heading away from Spain. (Jedi hand wave)

  • Julie

    UNG Weekly chart Previous week possible flush to rid the weak hands. Price down to lower trend line of a falling wedge pattern Daily must have a positive close above daily 5 ema and resistance 5.64 JULIE https://uploads.disquscdn.com/images/37d28cdb9a16d6c657538a4411c2de938bd999ee619bcb3c28079c1e776b9f8d.png

  • StockTalker

    Back to the states??

  • Julie

    Rest up Chief and have a great day
    JULIE

  • StockTalker

    /NQ under attack, added to my /YM short

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Great chart GG Thanks
    JULIE

  • StockTalker

    /NG stopped out. WTF

  • Tomcat

    they dont call it the widow maker for no reason. Many WTF moments

  • StockTalker

    Getting long again on a break of the low.

  • Julie

    Friday may have been a selling climax High volume lows and highs are usually retested and the low retested on less volume can be bullish
    JULIE

  • StockTalker

    May need to settle for a few days, rip on thurs report

  • Julie

    I have a small position short F and must have patience.. Will add with a bearish close below 12.55 May add on the 30 min chart.Patience Stalker We will be rewarded
    JULIE

  • BobbyLow

    Long Oil was getting a little wierd this AM so I closed it out for +1R. It might be setting up for a short by my lens. . .

    Short Gold has been excellent and my stop is set at +4R at this moment. With the Fed coming out party tomorrow, I’ll be out of this trade by the COB today regardless. It’s not worth the risk to me in case for whatever reason we don’t get a rate increase tomorrow. This might cause a short squeeze in gold and an unnecessary oh shit moment. 🙂

  • ridingwaves

    just not getting any bull movement, I was stopped out of L, just not worth it…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    typically, I’d say let your winners run.
    however, like earlier this year – there can be hiccups. +1

    ratio chart
    http://stockcharts.com/h-sc/ui?s=GLD%3AUUP&p=D&yr=1&mn=0&dy=0&id=p84470475788

  • ridingwaves

    excellent trade….makes sense to pull out as they might jib jab about inflation accelerating….which tends to erode dollar while helping the precious….

  • Julie

    IMO RW Just wait for a hammer candle with strong volume Weekly chart positive divergences Just saying
    JULIE

  • Julie

    F Yesterday and today a possible minor triangle developing. Going to move stop up to 12.69
    JULIE

  • StockTalker

    Starting to look at some drys.

  • BobbyLow

    Totally agree GG. And if the Fed wasn’t happening tomorrow, that’s exactly what I would do. But 4R can get whacked very quickly on Fed Day. OTOH, If I leave money on the table, that’s OK too. 🙂

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    /NKD 4hr very bearish atm. A move below 22900 could set her free.

  • Julie

    Unreal F not following GM footsteps. Patience it will
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG Them Chinese better go electric vehicles or they will be choking on pollution
    Gasp ! Gasp!
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    true.
    FYI – F is paying ~5% dividend this year.
    https://www.streetinsider.com/dividend_history.php?q=F

    I don’t see how price can go down more, unless F is planning to disappoint. (similar to GE)

  • ridingwaves

    I could see F and rest of Auto starting to fall off first qtr…..sales are going to start drying up, rates taking some buyers out of market…..0% 72 mos only goes so far….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ps. electric vehicles charge off of coal fire power plants, yes?
    no free lunch.

  • Julie

    I think subprime is a big factor and will play out GG
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    whoa. chinese subprime, or US subprime?

  • Julie

    US Subprime
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG F Yesterday’s high volume spinning top sellers meeting buyers
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG True but I still see the lower shortable high retracing 61.8% Let’s keep an eye for a lower high INTC to short as I have maintained 47 was a top CAT too Lets look for CAT down to it’s 55 ema and gap then a bounce to a lower high
    JULIE

  • Ronebadger

    I read on Twitter about a guy that found a Bitcoin in a Cracker Jack Box!

  • BobbyLow

    Opened a short on Oil via SCO.

  • StockTalker

    It’s coming

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    CAT The gap up October 24 black candle. The subsequent breakout a false breakout not confirmed by volume and weak price action. First sign of trouble will be a bearisf candle closing below the daily 5 ema approx. 143.09. IMO then down to it’s 55 ema and gap support. Then a bounce to a lower high for a Great Short JULIE https://uploads.disquscdn.com/images/ea2f23ef9aa3a22035517306e55ac27c85a0185d03f657b2a340f7d04cb8b681.png

  • Julie

    EXAS Another high flyer setting up to short The decline is impulsive https://uploads.disquscdn.com/images/d16d96e493e5c3965c4a1c0e10b3e95693383b01e3eb3db2fdd30a64151b1590.png down from the shooting star and hammer candle today off it’s daily 89 ema. Looking now for a bounce to a lower high possibly to it’s upper cloud boundary and 61.8% retracement. Guys the great shorts are setting up JULIE

  • Mark Shinnick
  • Julie

    The hurricane in Houston and flooding destroying the 2 million vehicles. Yeah those vehicles must be replaced. But what about the supposedly destroyed vehicles. They were not wrecked and they will end up in Seattle ; Nashville ; Cincinnati All over the country.JULIE

  • Mark Shinnick

    Its really been no joke for a long time now in a place like Beijing, a real shithole, so much crap in the air the moisture condenses around is the classic demonstration of smog.

  • StockTalker

    Moving of the masses

  • Julie

    Maybe GG will buy one of those Houston cars. Good deal on a truck !
    JULIE

  • Tomcat

    I got it in last night, through the March contract of $RB (correlation with $CL). Already closed half of it with 2R.

  • BobbyLow

    Nice one TC.

    I’ve been able to move up from my initial stop and so far so good. But we’ll see what happens.

  • StockTalker

    /NG bearish af.

  • Tomcat

    What happens is not for us to worry. We can only follow our strategies, anything else doesnt matter as we have no control, including result.

  • Tomcat

    Maybe some support at march lows. But that is more than a nickel away

  • StockTalker

    L 2.688

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s a long process.
    https://jalopnik.com/heres-what-happens-to-all-of-the-flooded-cars-after-hur-1800783080

    I’m a truck man myself. Swap out the interior. good-to-go!
    nothing like a good truck.

  • Julie

    We have a Dodge Ram 4×4 with a Cummins diesel. Use number 2 diesel in the winter. Extra large battery cables. Battery warmer and block heater. Everything plugged in during winter starts right up after glo plugs
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    BTW, do you expect a blowout beyond this upper range?

  • Julie

    LOl ! Use Mobil 1 synthetic motor oil too Nice starts right up in 50 below.
    JULIE

  • StockTalker

    Time to squeeze

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’ve learned to never say never.

    if it does, you have to look at the equal blow low in early 2016.

    http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p16447020563

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    rumor is you measure in gallons, not quarts during a change.

    only Bozemonians can afford that!!

  • Mark Shinnick

    That May 2013 may inform.

  • Tomcat

    I ONLY focus on opening/closing prices. What happens in between I usually tune it out as its mostly noise.

  • StockTalker

    Got ya, good plan. unhealthy to have over night positions. She is going to run here though.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..still keeping an eye on the High Yield credit pump.
    everyone else is watching BTC.

    https://uploads.disquscdn.com/images/91af4d24ee8f9cd733f218c8a9bdcfac379e7d89d8245cb5f276fdd1b1a32a6e.png

  • BobbyLow

    I used to have a 7.3 L Diesel Ford F350. An oil change took 14 Quarts of oil. That truck was a mean machine and could tow a fully loaded 36 ft trailer over mountains and not even break a sweat.

  • StockTalker

    ya, 2 yr looks ready to launch. Gap fill

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    Gold is looking pretty good on the long side as of this moment by my short term lens. But I’ll sit on my hands and wait until after the rate decision tomorrow. Too much luck involved carrying a brand new short term swing into the jaws of the fate of the Fed.

  • BobbyLow

    Well not quite that powerful. 🙂

  • Mark Shinnick

    Yes…lets get some wholesale extremis rock-in-rolling to blow out all the shorts.

  • StockTalker

    See a short play on a gap up tomorrow, unless it plays out after hours.

  • Tomcat

    Congrats on your short though BL.

  • BobbyLow

    Thanks TC

  • Mark Shinnick

    Yeah, just love those trucks, mine 2wd. I mix-in some veg oil down here in the flatlands.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    Hey GG did you remove my comment about I made about a truck I used to own. Why was it removed? Did someone get offended by a Ford F350?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I did. LOL.
    😉

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    Why? Are you just fucking with me?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    actually. no. I didn’t see your F350.

    edit: are you sure it posted?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    post it again!

  • BobbyLow

    Nah that’s OK. I’ll get you back when you least expect it. LOL

  • Mark Shinnick

    The Miller HighLife,too. LMAO

    https://youtu.be/5v5y3icu6YY

  • StockTalker

    We have a leak, /ZT 5min candle. /NKD in the red

  • http://evilspeculator.com Sir Mole III

    Unbelievable…

  • HD

    This video was made in Sept of 2016. Litecoin was under $5. Now $335. He nailed it! 100,000 now 6,700,000.

  • StockTalker

    Likelihood that he held is not but way to go. If you believe in something then do it, nobody will do it for you.

  • StockTalker

    Covered /NG last night at 2.706, long again 2.663. Wicked bitch!

  • Jonny

    Old post I know… someone with a ton of BTC but not the equivalent cash (BC they have been holding much more than selling) could easily crash the price, but how would they be able to pump it higher? It’s quite a large, liquid market.