Goooooood Morning/Afternoon/Evening Friends!
Welcome to your first weekly digest of Bitcoin Bull Market FUD!
We'll keep these brief - enough to fill a few tweets at most. Let's begin!
1: BIDEN TAX PLAN PROPOSAL: NO. Not happening. For the politically illiterate, any increases in tax in ANY form require consent (a new law) of both houses of Congress. Many Democrats are wedded to Wall Street, so don't expect any tax increase to pass save for a minor bump on earnings. At worst we're talking a few percentage point increase.
2: Something that came across TV's Pages: No, Janet Yellen cannot change tax policy. She also has no authority to push new bills. She sincerely does not have that power, at all!
At most she can tweet or chat with Biden and complain or ask, but the same principle as #1 appplies here.
3: Pi Cycles...momentum...bear orgasms: As seen on the chart, every bull cycle in the last five years has experienced 20-50% corrections. We never experienced a major correction in Jan/Feb due to Musk's involvement, so this could be seen as overdue. Pi cycles are also a huge buzz word in the last week - remember charting is subjective and supposedly objective metrics like the Pi cycle must apply data backwards to the present. TLDR: Pi cycles and other new technical indicators must extrapolate old information onto the current situation so are inherently unreliable or can "fit" the narrative when needed.
That's all for now folks :)
Take care, invest what you can lose, and be responsible always.
Love, Jemkie 🦊
PS: If you like my ideas, send ETH or Uni to my wallet :)
0x9b143471BDa90f672f8DB6E0b837d2b7B5dc2484
Welcome to your first weekly digest of Bitcoin Bull Market FUD!
We'll keep these brief - enough to fill a few tweets at most. Let's begin!
1: BIDEN TAX PLAN PROPOSAL: NO. Not happening. For the politically illiterate, any increases in tax in ANY form require consent (a new law) of both houses of Congress. Many Democrats are wedded to Wall Street, so don't expect any tax increase to pass save for a minor bump on earnings. At worst we're talking a few percentage point increase.
2: Something that came across TV's Pages: No, Janet Yellen cannot change tax policy. She also has no authority to push new bills. She sincerely does not have that power, at all!
At most she can tweet or chat with Biden and complain or ask, but the same principle as #1 appplies here.
3: Pi Cycles...momentum...bear orgasms: As seen on the chart, every bull cycle in the last five years has experienced 20-50% corrections. We never experienced a major correction in Jan/Feb due to Musk's involvement, so this could be seen as overdue. Pi cycles are also a huge buzz word in the last week - remember charting is subjective and supposedly objective metrics like the Pi cycle must apply data backwards to the present. TLDR: Pi cycles and other new technical indicators must extrapolate old information onto the current situation so are inherently unreliable or can "fit" the narrative when needed.
That's all for now folks :)
Take care, invest what you can lose, and be responsible always.
Love, Jemkie 🦊
PS: If you like my ideas, send ETH or Uni to my wallet :)
0x9b143471BDa90f672f8DB6E0b837d2b7B5dc2484