DJT inflated the volatility balloon. We can see that on all asset classes. VIX(SPX) and DVOL(BTC) implied volatility shows price target of 7100pts and 144kUSD per BTC accordingly by EOY. That means that big move is ahead of us.
Yesterday, there was a large profit-taking in gold and seems gold will stay relatively muted for some time.
Now the question is where money from gold will go into? Also fed announced faster rate cut pace - Bonds will have much lower premium.
So my expectation is that money will flow from gold and bonds market to the risk assets like SPX, emerging markets na BTC. I dont need to explain how higher BTC price will influence CLSK share price.
STAY PUT !
Long, medium term CLSK is glued to BTC performance. But... daily/weekly CLSK tends to be leading indicator to BTC not BTC to CLSK like most people think. We can see it right now - Yesterday BTC was up but miners were down and today BTC is again back below 110k. That's due to much lower liquidity
don't get fooled by short term moves huge bull run is ahead of us !
Not financial advice just sharing my observations and thoughts.
P.S. I put money where my words are - Yesterday I bought additional ~500 shares.
Yesterday, there was a large profit-taking in gold and seems gold will stay relatively muted for some time.
Now the question is where money from gold will go into? Also fed announced faster rate cut pace - Bonds will have much lower premium.
So my expectation is that money will flow from gold and bonds market to the risk assets like SPX, emerging markets na BTC. I dont need to explain how higher BTC price will influence CLSK share price.
STAY PUT !
Long, medium term CLSK is glued to BTC performance. But... daily/weekly CLSK tends to be leading indicator to BTC not BTC to CLSK like most people think. We can see it right now - Yesterday BTC was up but miners were down and today BTC is again back below 110k. That's due to much lower liquidity
don't get fooled by short term moves huge bull run is ahead of us !
Not financial advice just sharing my observations and thoughts.
P.S. I put money where my words are - Yesterday I bought additional ~500 shares.
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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.
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.