Firering Strategic Minerals: From explorer to producer. Watch the video here.
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For those that missed my post yesterday see below. It might not happen but maximum pain price was a reliable indicator last month when BTC settled at $54k making billions worth of options worthless. So far it is playing out this way. No one person is bigger than BTC, am bored of Musk focus.
FYI
There are four upcoming options expirations from now until month end including today (17th, 18th, 21st, 28th). Below is the BTC price level that whales will steer it towards if they want to inflict the maximum pain on both longs and shorts:
17th $45,000
18th $45,000
21st $50,000
28th $54,000
Thanks .ztarz. , will be interesting to see how this plays out, depending on who is correct we will get:
1. $45k today, $50k 21st and $54k 28th as you say (seems to be playing out that way last 6 hrs)
2. sticking around this level before a drop to c. $30k if Wyckoff distribution correct
3. something else all together
Whichever it is, LT all seem to suggest a continued climb aligned to S2F, so am treating this as an interesting theoretical exercise, zooming out and thinking of how things will look by Q1 next year.
Good days all,
RC
PS Not to be for Dalacey and I today (so far). Some talk of Thursday but whether it is this week, next week or next month matters not, that video last night (written for a global audience) has convinced me that is the way we are going.
PPS Delacey I have decided to come and visit your island for the £5 party. Sounds wonderful.
Good post.
Would welcome seeing the $50,000 on Friday would be a good feeling seeing a 5 in front of bitcoins price again, equally good would be the 54 the Friday after as I believe I have that day for the Nasdaq day. What a bank holiday weekend that would be.
Looking at the pain/gain range last month there really wasn't a huge amount in it anywhere between $48 and $62k (with $54k being the optimum for the option writers on 30 April). The big question for the S2F model is whether you think BTC has been tracing a series of steps in recent months, and or whether it has actually been moving horizontally (on one step level) since February (within that trading range), and when will it break out to the next step up...
Bit of a tug of war at $45000, would be good to break this resistance otherwise could be back to $42000ish again
BTC options expire at 8 CUT which I think is 9am UK time. At that point the price was indeed circa $45K. As I type the price is shooting up - free to hit the $50K Friday target? Will be interesting to see!
For me, looking at the options expiry dates and levels...
I'd like to predict the NASDAQ listing date as the 28th May, the CFO and Peter will no doubt have been aware of the options and it seems to me too much of a coincidence that there are 6 parts to the upcoming Argo promotional vids starting on Thursday.
So 1x video a day at 0700 US CET with the last one being released to coincide of ringing the NASDAQ bell...!
Mark me down for the 28th RC please ;)
Thurs 27th May*
LilSmiler,
Funny I was musing the same thing this morning - How about the ending to the video being that’s our Journey so far and now the Next stage and Nasdaq journey begin - Then have PW doing a little jog wearing his Funky Finance wig ! Ok maybe not the last bit ;)
I would love that Herdie :D
PW being a Journalism major who knows what the vids will contain, based on the preview I'm looking forward to them all
GLALTH
Zstarz you are totally right that’s exactly the way it will go because the whales will push it to whatever sp they want and do you no what ,there that big they can ; I don’t post any more to much nonsense on here ,but just had to comment on your post , so for me nearly everything else is irrelevant and they do the same with Argo it’s all manipulation
It's not "all manipulation". That can only be achieved over short periods of time in a market this size. It plays a part and is worth factoring in but those interventions are only responsive to the net pattern of options taken out by speculators on the BTC trend, which is shaped by a mix of market factors and sentiments. You have to decide if you think those shorter term factors are likely to outweigh the longer-term momentum of the S2F model in the timescale of your investment choices.