fringe_chartist

Drawing a trend like this will leave you playing pickup sticks

Short
fringe_chartist Updated   
INDEX:BTCUSD   Bitcoin
Historically speaking. Just an observation.

I am a long-term bull of BTC but I think we're somewhere in the middle of the current trend, ex.
Comment:
More realistic trend

Comment:
However I believe longterm we will make an S trend


Something will happen as this is all happening when the USSA is about to reach peak retirement among the population demographic. Hyper inflation kicks in, pension funds go bankrupt, big banks get bailed out, etc. This time is not different but it's worse. The GFC imposed a permanent status on a temporary solution (inflation). More money will be printed, the USD will lose its #1 status, albeit maybe slowly rather than quickly, but who knows.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.