As charted. After bearish engulfing candle at ATH, some correction is expected to 12200. Whether this is the mid/long-term top needs to be validated in the coming weeks.
There's little doubt that the market is kept afloat by money printing. There're a couple of issues, however, in the medium term: 1. As you print more money to keep the bubble growing, it takes more money printing to sustain. 2. As you continue to accelerate money printing, the fundamentals start to turn from bad to worse. While the media have successfully kept...
As charted. If confirmed by a downward penetration of $20 (with a retest after bouncing off the 50D SMA), the first target is $15.
As charted. No explanation. Target $550-600, March - April 2020.
It's widely known among Bitcoin users / hodlers / supporters / speculators that a big part of Bitcoin's appeal comes from the application of the poorly formulated "modern monetary theory", not only by central banks, but also by voters demanding free money. This is IMHO a dangerous idea, even though I'm more of a Keynesian: Just because governments control the...