Tesla Sets a Negative Tone for the Day -3.7% Overnight-Bulls Will Battle

Fresh sample look at our new Founder Membership Tier Data sheet

Good Morning MTR fans, we hope you have been able to read some of our work this week as we announced the new Founding Member Digital Strategy plan as we cover, what we feel will be all the important markets in the digital currency space. We have been involved with the digital space in some fashion both trading and research since 2012 and what we have learned through it all will be conveyed to our Founding Membership. We hope to recreate a new path for those that are uninformed or on the fence about digital currency, so that they may be come more privy to the inner workings of what this new industry has to offer.

When we originally got involved, we viewed Bitcoin as the standout, the one to set the pace for all others, and that has proven true. However our vision was much different than that of main street or Wall Street. Our vision was much aligned with the original Satoshi white paper, where an electronic P2P currency was meant to remove one from the shackles and constraints of a centralized debt based fiat currency system. Fast forward today and we have Wall Street playing the same games it always has duping people into believing they are investing in Bitcoin, when in actuality, they are investing in a fiat derivative. We have spent 25 years in derivatives and we know a thing or two and when you buy an exchange based Bitcoin or Ethereum ETF, well you aren’t buying the underlying, your buying a claim to a representation of the underlying. Even worse the whole point of the digital currency industry was to put the power back into the individual, to be able to transfer utility from party A to party B, without an intermediary, and no we do not consider miners intermediaries!

Anyway that is a little background as to what has prompted us to finally bring it here to our newsletter. We believe we have the experience, the knowledge and the foresight to continue to bring our members key actionable insights that will help them on their journey through this maze of life.

Here is a sample of the kind of data we will be bringing to our subscribers to our Founder Digital Strategy Membership. We have created a hypothetical basket of digital assets that we will track via a daily NAV and we will compare it to our daily data of what we feel are the top 10 digital assets (equally weighted) currently that should be on our members radar:

We apologize to our long time subscribers to our letter, we started doing this back in 2015 and what was originally called our Econemotions newsletter where we had a section called CryptoCorner where tacked all the top coins and top wallets. We even did our own white paper justifying the valuation method for Bitcoin and tying it to a specific % of total global GDP. We felt if Bitcoin adoption were to grow the price vs the USD would have to rise commensurately. Here is our analysis that we originally posted in 2015 and updated years later to reflect $100Tn global GDP:

***Access to my original whitepaper can be found at my LinkedIn, Bitcoin & Blockchain: It Exists Everywhere and Nowhere

We do not think that BTC is that far above 1% so to justify its current price, we would assume leverage is being applied to supplant the valuation per our model, and currently view $53k to $67k a more appropriate valuation for Bitcoin currently. That is strictly our opinion.

Alright so that is the kind of data and information we will be tracking via our Founder Membership. We hope you guys take advantage of this new offering and we plan on rewarding our Founder Members with discretionary perks along the way, our goal is to show our members how the future digital decentralized ecosystem will grow in a trustless model and we know debt based fiat systems are rapidly deteriorating, so this is your call to protect yourself, its purely in your hands.

Ok now back to the markets, we covered Tesla yesterday and figured that a move somewhere in between $450 and $420 was in order looking at the options data. Well Tesla is currently -$16 and -3.7%:

This sets a negative tone today and the bulls will have to climb their way back up and out of this. Tesla Q3 profits declined by 37% and we suspect more battles ahead for them, including discussions of a new pay package for Elon. Also setting the negative tone on the day is IBM as its getting hammered -8%:

Thank you to marketwatch.com for providing the data charts on the premarket action.

All in all this is setting up for a battle between the bulls and bears, but the bears have the early jump. When we look at the QQQ chart specifically the daily, our 612 resistance area is formidable and an obvious hurdle now for the bull money to overcome:

We know the markets are defying gravity by implying leverage and this is also confirmed by the NYSE margin data. This chart is very telling and yes, can markets rise and continue to rise? They sure can, but the minute this margin debt starts to trade adversely and clients begin to cover, well that is when the stair case up, becomes the nasty elevator down!

Our goal is simple, to make sure you have all the quantitative and qualitative data in your arsenal to be the smartest person in the room. Honestly that is all that matters, when you have the right weapons you can sit back and enjoy listening to all the idiots trying to justify their narrative, all the while sitting back and knowing what you know. To only choose to expose your knowledge at your own will and then impose it, that is real power! This is what Magnelibra provides to you.

We force you to rethink your mindset, to go way outside the box and remove inherent bias to become a more non linear type of thinker.

In the subscriber only section we dive deep into the global macro look via our settlement sheets, our data trackers and our hedged equity book data and our Markets Sentiment Indicators. We believe we offer subscribers a solid view point quantitatively and effectively to improve their investing and trading acumen. So sign up, you won’t regret it, so forgo that coffee for one day a month and instead enjoy a real life boost, that can only come from sipping on knowledge!