Less is More Especially–with MSTU, MSTR

These guys are good together. Host David Lin has left Kitco News to create his own channel, and Gary Wagner is the easiest man–to understand and follow–in describing Fibonacci extensions of counter-waves up and down using Eliot Wave Theory in predicting future price resistance, price ceilings (upside targets) and price floors (support)–of a commodity or equity chart on the stock market. Whew!

It looks like we could do less of gold and silver stacking until the end of the year, which, according to Gary’s charts, is headed for a low during the last week in December–before a new possible high in February–on or about our new president elect’s first 100 days in office.

The thing that is new–is the highlight of Bitcoin, MSTR, and all the blockchain crypto interests–which I believe are stealing Gold and Silver’s shine in a day trader’s mindset, or a technical and swing trader’s desire–to make COIN in playing market swings and entry and exit in rangebound, choppy, or trending price charts.

What we could do less of is–following Larry Williams’ fundamental’s analogy of a technical trader’s looking at the wake of the propellers by sitting at the back of a boat–and trying to figure out where the boat is headed by looking at the wake. This is how the Fed looks at data in trying to move interest rates. It’s like flying a plane without IFR or VFR (instrument flight rules, visual flight rules) but wearing a blind fold to determine our airport arrival location! Soft Landing? Hard Landing? No Landing? Is there mountainous terrain ahead? What about a storm? It’s all guesswork–and that’s what we could use less of!

I’m playing Bitcoin for Gold right now and using The Market Sniper’s (Francis Hunt) playbook for switching back and forth between Gold and Bitcoin. Is Bitcoin stealing Gold traders? I say, “Yes!”

Note: These are just my opinions, and are not investment advice. Do your own due diligence in researching any market strategy–or hire a professional. Do not take any of my opinions here as market advice.