#SAIL #Steel
Minor 4th of 3rd looks over with 32% retracement and minor 5th should follow to complete Wave 3 of 3.
Can do 160-165.
#Metals #Commodities
@nishkumar1977
More from Anchit Goel
This is so useful. Thank you @heartwon 🙏
On this auspicious day of #GuruPoornima2020
— \u03b1\u043c\u03b9\u0442\u0442 \u0455\u03b1\u03b9\u03b7\u03b9 \U0001f1ee\U0001f1f3 (@heartwon) July 5, 2020
Would like to present a simple yet effective way of understanding and following the TREND of the instrument/stock.
Q: Why I came up with the concept?
A: I wanted to remove noise, keep my chart simple where just a glance, tells the story
More from Sail
#SAIL 88 to 135.7 yesterday in 3 weeks. May pause. My view, this metal cycle has many miles to run. A move above yesterday high could again be a break out. lets see. @caniravkaria
#SAIL Directionally it is headed to 140/150 levels next over short period of time. SL - todays low pic.twitter.com/1IE4eJn9px
— Dare2Dream (@Dare2Dr10109801) April 13, 2021
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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.