Woof! Okay, pup, imagine the stock market's like a big park where prices run around. The S&P 500 is the pack leader's score. Bollinger Bands are like fences: top one means prices are super excited (too high?), bottom is sleepy low.
The chart shows past times when prices hit the top fence and... oops, they tumbled down (red arrows). But sometimes they bounced back up (green arrows). Right now, it's sniffing that top fence again – watch if it chases its tail or takes a nap! Stay alert, fetch those trends! 🐶
@WestCoastWalka ETHE was different. It was a closed end fund and the discount only closed when it was approved as an etf. SBET is a stock and the discount to mNav can stay negative. It's doesn't have to trade at par and there is no future mechanism that will force it to
@tonipnd My best gbtc buy was $8.01. It’s been a wild ride…
I’m not a “cycles are over” guy, but I can’t help but think now that Bitcoin has been embraced by Wall Street that they let the ETFs they sold to their customers fall 75%.
I actually see that happening already. My company used to do a lot of smaller jobs for lower/middle and all those jobs are being replaced by large jobs. The people with money still have money and lower/middle class consumers are slipping.
What’s the spark though? High interest rates? Tariffs? Or something yet to develop