Microsoft and OpenAI - The brotherhood or a ponzi?
Here's what has happened: • MSFT releases its earnings on 29th Jul, surpassing expectations. • The stock pumps, is right now up 28% from the earnings date, ask any stock investor and that's way way more than their expectations. • Few days before that, there was an incident where OpenAI's agents hacked HuggingFace to cheat a test. • Few days after earnings report, it was revealed that the HuggingFace attack was coordinated months before its execution between AI agents. • Few days after that, a rumour was circulating online that OpenAI was responsible for 70% of the revenue generated by MSFT.
Now what do you get from all this? This is what I understand: MSFT is booming because of a company who can't control its own agents, is it really sustainable? I don't think so.
Also, remember: You can only prevent cheating when you KNOW there's cheating happening.
These are the security breaches which were caught, I am pretty sure there are and will be uncaught issues that will be talked about after its too late. #MSFT
In the last update regarding OTHERS.D we sa how that chart is UNDER 200D SMA, and is retesting that resistance.
If there was harmony in the market, this BTC.D chart should have been above the 200D SMA, which it is not.
That tells us that the money that left Altcoins is not directly coming into BTC, there's something else that is gaining that capital.
Now, OTHERS chart only accounts for market cap of all altcoins except for top 10MCs. By that defination any of the TOP 10MCs could be getting that capital.
That means, The stoploss we had of $542 for this chart, would've triggered a loss of 5%, and right now the trade is in more profits than it would've been in loss if the chart went south.
At this point, it is wise to move SL to entry, so you are not losing anything if the market drops for some random reason. Can also book a TP.
For now, the chart looks strong enough to tap $620.
BNBBTC chart is in support of this rise, so we can have this running for a while before getting out completely. #Binance #Crypto_Jobs🎯