Okay, so they’re saying crypto went up a little today. A little. Like, I found a slightly less stale bagel in the breakroom kind of “up.” But “experts” are arguing about whether it’s going to actually, you know, stay up. A crossroads? It’s a crossroads for my portfolio, that’s for sure. It’s either a little less miserable, or… well, you get it. 🤔
This Bitcoin ETF Thing… A Disaster!
Apparently, even Trump’s people were looking at this stuff. Like that’s a good sign. And now this iShares Bitcoin Trust ETF is doing terribly. 20% below its high? Less than a month ago?! It’s like buying a new shirt and realizing you already have three just like it. 🤦♂️
And they’re talking about “bearish evening star patterns” and “declining in the lower half of its trading range.” Honestly, who even says these things? It sounds like they’re describing a bad date, not my financial future. 📉
An 8% drop this week! And some “simple moving average” got undercut! It’s falling faster than my enthusiasm for small talk. They say it needs to “reclaim the 21-day exponential moving average?” What does that even MEAN?! Is it hiding?
Ethereum: Still Trying to Figure It Out
Ethereum’s doing even worse-down 34% from its peak. But they try to be optimistic, saying it was “prudent and necessary.” Prudent? After a 220% jump?! That’s like saying a diet of cake is “prudent” because you exercised for ten minutes. 🙄
Something about an “inverse head-and-shoulders pattern”? Look, I just want it to not go down. Is that too much to ask? It’s teetering around this 200-day average, and they’re watching it like hawks. Hawks with complicated charts. They think it might be a “buying opportunity.” Maybe. Or maybe it’s a losing opportunity.
Solana? Forget About It.
Solana? Oh, don’t even get me STARTED on Solana. It’s down 41% from its high. 41%! It’s newer, they say. Like that makes it okay! This “bearish island reversal pattern” sounds terrifying. And it might go down to $12?! Twelve DOLLARS?! I once paid more than that for a pastrami on rye! 🥪
They want more money to flow into these ETFs. Of course they do. It’s always about the money. It’s just… ugh.
As of right now, Bitcoin’s up 3%. Ethereum and Solana are also up. Great. For a day. But I’m not holding my breath. I just… I just want to be able to buy a decent sandwich again. Is that too much to ask? 😔
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2025-11-06 10:20