Deflation coming in Brazil, I see a deeper-than-expected contraction in Brazilian economy as Covid reality sets in.
textbook TA, beautiful setup
This analysis has most probably been done before, I haven't checked. This is what I've found while charting the DXY (US Dollar index, shows the relative strenght of the dollar against a basket of other currencies). Like many assets, Bitcoin has been doing great against a weak dollar, and it has been doing poorly against a strong dollar. That's what you can see...
Time Fib plus a descending triangle plus some economics about commodity prices and the deflationary dollar for the next 2 years; all that says that copper is dropping by 43% from its current price at $2.5 per pound, reaching $1.42 by the end of 2022. This breaks the descending triangle downward setting a target of $0.83. It sounds crazy, but I'm simply looking at...
Biggest liquidity crisis since noah's ark is coming. Unlimited debt = unlimited demand for dollars, chicken or the egg? Thanks to the fed for sending us past the event horizon of the monetary blackhole we call Quantitative Easing.
Never easy for bitcoin. Deflationary conditions show a possible moon for DXY. Looking at 2018 fractals could prove medium-term bad for bitcoin price. DXY up?
We all know it's going to happen, just a matter of when, it seems. Day after day, I come across different traders who have their own narratives about when this debt crisis will finally rear its ugly face and we will be faced with a sober reckoning of decades of monetary irresponsibility and irresponsible allocation of scarce resources to state capitalist...
looking for an immediate reversal, if no volume comes in SPY remains unstoppable... I am personally expecting a "risk off" day today going into the weekend. any break of 328 ( sub .236) and bears are back in control till about 308. Not expecting that to happen soon, by no means.... but a boy can dream.... GL!
same chart as previously posted, just added indicators and updated trendlines, the pictures below are on the futures.
Inflation: Persistent growth of the price level of a basket of selected goods. Deflation: Fall in overall prices in an economy. Increase in purchasing power of the currency. From deflation to hyperinflation, the historical route: 1. Central authority inflates paper assets, i.e. bonds, stocks and derivatives. Effect is capital inflow from real economy into paper...
I've looked into the company, I like what I see for the current price. Won't go into details about the fundamentals, do your own DD . From a technical perspective, I also like the setup. Breakout on the shorter timeframe, bull flag , and rising volume . Get in while you can. My average share price is 5 cents on $CLASF Holding until 5-bagger, will take profits...
Refer to chart for trade idea.
two different perspectives , deflationary crash.
📍 Equity Liquidations Feb/March 2020 Gold buyers now hold a solid position, since the break of 1750 our opposition has been trying to get blood from a stone. The solidity behind the bull case has been so strong to date and it shows in itself the fact that 'everything is not roses' despite how the politicians and media sell re-openings and activity data. ...
I am excited to say, GOLD has reached my target of $1900USD/oz!!! Thought this warranted a post. It is merely dollars away from its ATH made about 9 years ago. My expectation is that we should be looking for Sells now. The old me would look at this and say that this is playing out to be a 'cup and handle' pattern. These days, I strictly look at everything as wave...
RTS- the opportunity is a SHORT with pricing collapsing to the yellow zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the blue zone