Posts by Tony Westfallen

As mentioned in my previous reports, I finally covered my short position on BTC at the 27000 level, giving me a nice 3000 profit. There might be more on the downside, but it is so tricky to fathom what will happen with cryptocurrencies over the coming months that I decided to get out and await further developments.

Many of today’s charts have more lines than a mirror in Hunter Biden’s bedroom. When I started, we plotted our charts by hand using pencil and paper, updating them every

Apparently, I am not the only old fart who is worried about the direction technology is taking us all! Technologists should be proud of what they create…

Everything has been relatively stable for the past few weeks, but the time for that to change is not far off. Over the coming weeks, the way the charts are developing, I will look for the opportunity to get short of the Euro, equities and BTC.

Having two short weeks on either side of Easter is rarely an ideal time for commenting on what the markets might do over the short term, but as that is the name of the game, let’s go with it.

What’s not to like about a few days off and a possible market rally? After a year filled with depressing news, it’s refreshing to have a bit of relief from the constant negativity. While we should still be…

Few have been as concerned about the economic outlook for as long as I have. And too many of the problems we have discussed over the past year are now, sadly, starting to take hold.

In a recent discussion with a reader of my reports, he pointed out that although generally accurate, the pessimism was slightly(?) off-putting.
That was an entirely fair comment, and I took it on board and will address it in future reports.

Although BTC lost its way occasionally, it exists to protect our wealth from bad economic times and to protect us from governments with bad economic policies. I have spent the last 18 months discussing the need to create a diversified portfolio encompassing financial instruments and secure investments outside of capital markets.

Whilst the bond market continues to price in further economic weakness, the equity players are promoting the importance of holding value stocks. Crypto Banks are in trouble, and BTC is again coming under pressure.

I’ve just spent a week on my back in traction and yet I haven’t grown an inch! Getting old is no fun, but keeping up with the latest market developments sure keeps you busy.
In the past 18 months, the crypto and hi-tech community has moved their focus from NFTs, to the Metaverse, and now into AI.

According to recent surveys, readers of “The Old Man’s Views” are happier and better looking than those who ignore them.

I don’t know whether BTC will continue to float, or the Biden administration will bring it down soon. But then again, I am not writing this report on Hunter’s laptop.

However, before I go on to discuss anything else, I will offer my sympathy to the people of Turkey. I am happy to be hard-nosed about most events but watching pictures of a father sitting by his dead daughter…

I dumped half my BTC position last week, which looking back on it, might have been a bit premature.
But it will not be the first time I banked a little too early.

This week, we were able to bank some profits and reduce our exposure, thanks to the 50% rally in BTC. Of course, I didn’t buy at the low or sell at the high but taking a nice chunk out of this move was very satisfying.

I am more than happy with the recent strength in various markets, especially as it’s removed a lot of the doom and gloom that hung over the markets throughout most of last year.