Strawberry Blonde's Market Summary: BITCOIN: The "Emperor-Wears-No-Clothes" Klepto-Currency Crapshoot Has Finally Been Exposed

WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...

* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.

* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.

* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.

* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Fri. Oct. 6 @ 8:30 am ET - Employment Data

* Wed. Oct. 11, 2023 @ 2:00 pm ET - FOMC Meeting Minutes

* Wed. Oct. 18 @ 2:00 pm ET - Beige Book Report

* Wed. Nov. 1 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Wed. Dec. 13 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Wednesday, June 15, 2022

BITCOIN: The "Emperor-Wears-No-Clothes" Klepto-Currency Crapshoot Has Finally Been Exposed

* See UPDATE below...

I've been calling for 20,000 on BITCOIN (BTC/USD) since my post of May 20, 2021. It hit a low of 20,089, so far, today.

The BEARS are still firmly in control.

Major support lies much lower at 10,000...an inviting downside target...followed by ZERO.

* UPDATED June 19...

Investing.com is also expecting BITCOIN to "plummet below 10,000," as noted in today's article.

It hit a low of 17,611 yesterday.

Source: Investing.com

* UPDATE July 20...

Another "klepto-currency" aptly self-described "lunatic" bites the dust...one of many, so far...with, possibly more to come...

Source: ZeroHedge

"Save me from myself!" seems to be the humiliating intimation from this guy...😏

Remember the old adage...Buyer beware!

ZeroHedge excerpt

* UPDATE July 23...

More klepto-currency wealth destruction hits retail ~~chumps~~ investors...

Source: ZeroHedge

* UPDATE July 25...

More troubles ahead for cryptos...

Source: ZeroHedge

Meanwhile COIN's fall from grace has been spectacular...in just a little over one year from its IPO...