Only two days along, the oddly permabullish Goldman Sachs mouthpiece known as Zerohedge excitedly reported on a victory for their favorite asset, Bitcoin:
![](https://slopeofhope.com/wp-content/uploads/2023/08/zhbit-640x583.png)
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Only two days along, the oddly permabullish Goldman Sachs mouthpiece known as Zerohedge excitedly reported on a victory for their favorite asset, Bitcoin:
Unlike the /ES futures, the /NQ futures don’t have the benefit of a nearby Fibonacci to provide a sensible support/resistance level. Therefore, a few days ago, I laid down a horizontal line anchored to the most recent price peak. It seems to have pushed its way back to that level before selling off.
It’s hard to believe that anyone in the world would buy any SPAC stock, particularly one like VinFast which was valued at nearly $200 billion in the face of (1) selling only a couple of tens of thousands of cars (2) those cars getting dreadful reviews. I talked about this stock on the exact day of its peak, and it has lost almost 70% of its value in just a few days. Amazing.