cryptocurrency chart displayed on a laptop

Observational Follow Up

As I’ve been pointing out as of late (prior observation here) I present the following with a new annotation. To wit:

(Charting Source)

To reiterate what I noted in that prior observation: I’m watching these machinations to the exclusion of nearly everything else. The real issue one should take away from all of this is the following…

Although the “markets” continually display 100% faith in riding the .1% odds for riches as opposed to the 99.9% odds of possible failure. Regardless of the odds on the smaller scale – it appears to still respect the odds of the larger. And that is where the true danger lies if correct.

As always, we shall see.

© 2023 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.