#HDFCBank
Probable Double Top Buy is associated with multiple bearish failures.
Bullish Breakouts associated with Bearish failures has an extra flavor of bullishness as there is an ingredient of failure of the other side
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#SBIN
#SBILife
Probable #SuperPattern Bullish
@shivaji_1983 https://t.co/8e8YvbpWW7
#SBILife
Probable #SuperPattern Bullish
@shivaji_1983 https://t.co/8e8YvbpWW7
Multi Chart Scanner #Nifty500
— Vithal (@srvithal388) August 13, 2022
Box 1% EOD
Price Scanner - Probable Super Pattern stocks
Relative Strength Scanner - Price above MA - Moving Average and ST - Super Trend in Relative Strength
Denominator - #Nifty500 pic.twitter.com/FFIRInUGIs
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
