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The Factor Report
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The Factor Report
@PeterLBrandt
Premier site for classical chart analysis of futures markets. Trader for five decades. Market Wizard. Author.
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Big picture $BTC Bitcoin is undergoing its third parabolic advance in the past decade. A parabolic advance on an arithmetic scale is extremely rare - three on a log scale is historic
- Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.
- Full disclosure -I am NOT a $BTC maximalist -In 46 yrs trading, I've never seen a more exciting market with a similar narrative 3. My largest current single non-real estate holding is Bitcoin. Yet, for me, BTC is just another market to be traded, like Beans or T-Notes or Sugar
- I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated When bulls wear laser eyes -- time to SELL When bulls become bears -- time to BUY????
- I sincerely apologize for any disrespect shown to those who climbed aboard the alt-coin train early and have the gains to show for it. Congrats on a job really well done. You exemplify the best of a new generation of market speculators. I am a dinosaur in a new game.
- For the record, I completely understand how ppl feel disenfranchised by the Upper 1% ers, the Fed, government, Wall Street, banks, et al. I get it. And, I completely understand how ppl see $BTC and cryptos as something that can level the playing field. I am cheering you on 🙂🙌
- This the most powerful chart in all of crypto world $XRPUSD
- On a personal note, I want to be a good sport. Congratulations to all who are fully engaged in Bitcoin $BTC and other coins and see them as the bottom layer of the world's future monetary systems. I believe there is a chance for this to occur, with Bitcoin becoming an important
- Millennials embrace $BTC et al, in part, as reaction to $217 Tril of global debt and massive wealth inequality forced upon them by Gen X and B-Boomer parents and grandparents. Cryptos are statement: "There must be a better way"
- Two interesting things happened to me today. Got a haircut. Barber told me to buy Gold -- said the Fed is printing too much money. Got a tire fixed. Owner of shop told me to buy Silver -- said the Fed is printing too much money.
