Just Sayin’ - The World Of Cryptos

On this ridiculously sleepy holiday, let’s take a glance at the wonderful world of cryptos.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

In every case, the crypto in question has broken its descending trendline. I would consider this bullish.

Allow me to share a quick anecdote that I think might shed some light on this: way back in, oh, I think it was 1981 or so, I was descending the escalator to what passed as a convention center in San Francisco. This was before the Moscone Center. I don’t even remember its name, but it was basically a giant empty space under a building, and that’s where the West Coast Computer Faire (yes, that’s how they spelled it) was being held.

I was by myself, and these two adult men were a couple of escalator steps below me, chatting. I remember one of them saying to the other something like, “Yeah, but these are just toys”, referring to my beloved world of personal computers. I was instantly miffed.

What went through my head was the equivalent of what today would be, “OK, Boomer.” In other words, I dismissed these guys as old, out of touch, and behind the times. So I allow for the possibility that, when it comes to crypto, I am now THAT guy on the escalator. It could be. All I can say for sure is that cryptos have, in recent weeks, managed to bust through a potent trendline, and that could spell good times ahead for the HODL mob.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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