There is a scene in “The Wolf of Wall Street” where Jordan Belfort is explaining to his friends how they are going to become extremely rich selling essentially worthless pink sheet stocks for obscene commissions. “Sell me this pen” has been the summation of a sales mindset for many years and this scene really does well in presenting the end-all-be-all of sales. “Create a need” in the customer’s mind, and you can sell anything.

I’ve actually been asked this in an interview before and, being that I do NOT have the salesman mindset, I failed miserably. I unsurely said “Well, this is a very nice pen. It will write all the things you need to write,” to which the interviewer said, “but I have this other pen”.

I have finally gone “all in” on my Bitcoin short, and it’s heartening to see that BTC is down even with equity futures at LIFETIME HIGHS. I’m counting on you, baby!

Bitcoin has risen in value by about $20,000 since early February. That is an extraordinary run, although almost typical for an instrument as volatile as BTC. Take careful note of the price in relationship to the exponential moving averages, particularly the 200-day (in green).