iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,077 Blog Posts

RAMP IT IS

Yesterday the mean reversion algorithms inside Stocklabs were nearing 10 year lows, meaning extremely OS. It felt poor and the floor sinking beneath our feet. But it always feels that way. We rallied off the lows and did not register another OS signal, but the one from last week still applies.

See details below.

In a market as dicey as this one, I do not dare claim victory at 11am, since there is ample time to reverse lower and completely fuck me. This time, may in fact, be different. But it’s not likely. History doesn’t necessarily repeat itself; but as you know it rhymes. Human behavior is similar no matter the generational gap or even the asset class. I am able to trade SHITCOINS well because I understand the psychology of fear and greed. I wasn’t born with this skillset, but instead I cultivated it over decades of doing stuff wrong.

The NASDAQ is +170 and I am heavily long TQQQ into this melt up. I’d like to believe this is “the bottom” and it’s all gravy trucks from here on out. However, I doubt the Gods would make it that easy for me and I suspect there will be extreme bumps along the right, en route to Valhalla.

On the crypto side, I am long MATIC for a trade here. I do believe, at some point, these cryptos are in for a SEVERE lashing. But any sizable dip in the main coins should be bought, or at least budgeted into your monthly investment allocations in order to diversify away from the dollar.

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5 comments

  1. duuude

    XMR

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    • metalleg

      XMR going much higher but ARRR is a better product and will provide better returns in the long run.

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  2. og

    Could get real ugly if tech doesn’t hold.

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  3. emersonlakepalmer
    emersonlakepalmer

    $FARO my friends. Thank me later. CEO Burger has a history of coming in, turning things around, and selling. The run up isn’t over. I’ve been following him for years. Please, do your own due diligence. Don’t do this in your IRA.

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  4. purdy

    With my unemployment bonus and stimi checks, I’m doing better than ever. Work is for suckers.

    6+% growth in Q1!!! President Biden is awesome …unifying …transformational. He really cares …I can feel it.

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