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VIX  12 handle

Posted by petermusic on 22nd of Jun 2023 at 02:53 pm

VIX  12 handle

SPX cash demand zone  posted 

Posted by petermusic on 2nd of May 2023 at 03:57 pm

SPX cash demand zone  posted  on weekend at  4090 -4051 -today a bounce from 4089.72 - thanks Steve!!

Collins, Barkin both at 12:45

Posted by petermusic on 30th of Mar 2023 at 10:06 am

Collins, Barkin both at 12:45 est

be careful using the "Demark"

Posted by petermusic on 29th of Mar 2023 at 11:51 am

be careful using the "Demark" study in TOS which they refer to as a sequence counter. The results are not the same as a true Demark study

Nick is at it again:

Posted by petermusic on 17th of Mar 2023 at 03:16 pm

Nick is at it again: The Wall Street Journal's Nick Timiraos, in a CNBC interview, said the Fed's decision on a 25 basis point rate hike or no change will depend on what happens with markets and financial stability risk over the next few days. Thanks Nick

Defending 200MA for now

Posted by petermusic on 9th of Mar 2023 at 02:37 pm

Defending 200MA for now

$DXY hod

Posted by petermusic on 2nd of Mar 2023 at 12:57 pm

$DXY hod

very nice Matt

last week of year from

Posted by petermusic on 20th of Dec 2022 at 08:09 pm

last week of year from Tasty Trades

To help Stockchart hamsters 2008

Posted by petermusic on 1st of Oct 2022 at 02:53 pm

To help Stockchart hamsters 2008 compare 2022 SPX weekly

Posted by petermusic on 27th of Sep 2022 at 12:56 pm

Potential bungie bounce play on

Posted by petermusic on 4th of Feb 2022 at 10:21 am

Potential bungie bounce play on PYPL if today's doji holds?


This video goes extremely in-depth into how the blockchain (and subsequently Bitcoin) works - https://www.youtube.com/watch?v=bBC-nXj3Ng4&t=176s&ab_channel=3Blue1Brown

If you want a TLDR to your question regarding electricity requirements - 

Bitcoin mining is done through solving extremely complex and difficult cryptographic math problems that are only capable of being solved by GPUs (graphics cards). This is because the Bitcoin ledger uses Proof of Work (PoW), as opposed to Proof of Stake (which is where I believe ETH coin is headed). Essentially, the more computing power (GPUs) you have, the more likely you are to be able to actually mint a new coin. Therefore, crypto farms will essentially just stockpile as many GPUs and throw them into as many systems as they can to maximize their profits. What's important to understand is that GPUs are by far the most power-hungry component in any system. Therefore, through needing to use many many GPUs to even have a sliver of a chance of being able to make any money, you also need massive amounts of electricity to power said GPUs.

looks like CNC broke symmetry

Posted by petermusic on 13th of Jan 2022 at 05:55 pm

looks like CNC broke symmetry to the downside and is now potentially forming a lower high, potential short position off of today's doji-ish action?

Still think this could follow through tomorrow?

WIX following through, making progress

Posted by petermusic on 10th of Nov 2021 at 10:18 am

WIX following through, making progress above the 50.

Makes sense, thanks.

KISS stuff

Posted by petermusic on 7th of Oct 2021 at 01:19 pm

Makes sense, thanks.

Did the longer version of

KISS stuff

Posted by petermusic on 7th of Oct 2021 at 12:42 pm

Did the longer version of the KISS go long on SPY today as well? Sorry if I missed that.

RBLX coiling

Posted by petermusic on 7th of Sep 2021 at 02:12 pm

RBLX coiling

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