BitcoinMacro

BitcoinMacro Pro+ Updated 

EURUSD closed the year well and above many key support levels, and it even closed above several diagonals, as did several other currencies vs. the USD. On the one hand, the USD may have peaked, especially as the DXY swept a critical low and retested its 2015-2020 highs. The year has started with a EURUSD dump, and the pair has closed below its Monthly and Yearly...

BitcoinMacro Pro+

Stocks closed pretty strong for the year, and the yearly open filled a gap very quickly. At the moment, I see very little evidence that the year will start with a massive dump, especially after 2022 was so brutal for stocks, bonds, and crypto. It looks more likely that things will first go up and then potentially go down. The market resuming its bounce makes more...

BitcoinMacro Pro+ Updated 

Apple is one of the companies whose stock price is overvalued, and the company is facing several severe issues: 1. Big tech layoffs. If US tech is doing quite poorly and companies are laying off people, they probably won't buy new equipment or software. The fired tech workers probably won't be buying stuff for themselves either, and neither will those that see...

BitcoinMacro Pro+ Updated 

Silver had a huge move up in 2020, but that was all it managed to do back then. Since its first significant peak in August 2020, it went sideways and started declining. Silver was in a big bear market since 2011, then entered an accumulation range, and then had its capitulation move in March 2020. Then with all the fiscal stimulus, it skyrocketed, but most capital...

BitcoinMacro Pro+ Updated 

Despite Copper falling 38% from its ATHs, we still haven't seen deflation, even though inflation seems to have peaked for now. The inflation story doesn't seem to be over; even inflation moderates and goes close to or below 2%. The big problem right now is that the Copper inventories are extremely low and that the demand for Copper seems to be increasing because...

BitcoinMacro Pro+ Updated 

Natural gas in the US is collapsing. In part this has to do with LNG exports to the rest of the world being halted due to a fire to one of the export terminals. However in my honest opinion, there is more to it. It probably has to do more with the deflationary forces taking over, as high interest rates, money supply shrinking and inflation being too high, have...

BitcoinMacro Pro+ Updated 

The truth is that I don't know if it's over or not. It certainly feels like the USDJPY pair is going a lot lower, given that the Fed is very close to pausing and cutting rates in 2023. Deflation has always benefited the Yen, which might be the case again. The BoJ took the best stance of all central banks, as they held rates low and provided liquidity when the...

BitcoinMacro Pro+ Updated 

I see many people expecting a massive crash because the yield curve has inverted, but they forget that stocks fell as the yield curve was inverting, something that didn't happen in the previous times. Before the earlier crashes, stocks rose before the inversion and kept growing for a bit after the inversion. In 1989 stocks didn't even fall after the 10y2y curve...

BitcoinMacro Pro+ Updated 

I will start by sharing a Twitter poll, which shows the sentiment we are seeing now. Most think we are going lower. Therefore, the market could go higher in the short term. twitter.com I believe our target is the critical breakdown level that was never retested on the chart above. The maximum upside is the R3...

BitcoinMacro Pro+ Updated 

Hello everyone! As Pelosi is going to Taiwan, things could get ugly between China and the US, sending gold higher. However, gold is currently at key resistance, and the quadruple/quintuple bottom lower will most likely break. For a while, I've mentioned how I believe gold will go to 1650 and potentially down to 1300 before it bottoms. There are many different...

BitcoinMacro Pro+ Updated 

A few months ago, I proposed USDCNH/USDCNY consolidating for a bit and then going higher, as such strong moves usually follow through. The Chinese economy looks extremely weak for multiple reasons, and I see no way that the CNH/CNY won't lose much of its value relative to the dollar. Technically it is ready for another strong move higher, and the fact that Pelosi...

BitcoinMacro Pro+ Updated 

The idea is very simple... Despite it having a significantly higher interest rate than the US, capital isn't flowing in the country. Poland is in a very tough place right now, as it has a relatively small economy and doesn't have a currency that is widely used. Europe overall is a big mess, and the PLN is affected by the EUR too. The ECB still has rates at -0.5%...

BitcoinMacro Pro+ Updated 

In my honest opinion Gold will head much much higher in the next decade, and the double top at 2070 is bound to break. In the short term it also looks fairly bullish as it has reclaimed several key support levels, along with the 200-400 DMAs and the diagonal trendline. Getting up to 1900-1920 over the next few days or weeks definitely seems...

BitcoinMacro Pro+ Updated 

As the Chinese economy was slowing even before the lockdowns, the strict lockdowns put a lot more pressure on the CNH/CNY. This created a huge divergence in the policies of the Fed and PBoC, as one was hiking and the other was cutting. For quite some time the USD was going up against most currencies, except the CNY... until one day the market fully reversed and...

BitcoinMacro Pro+ Updated 

In my opinion, the global energy crisis isn't over; hence there are many reasons why being bullish on oil makes sense, and in this idea, I will try to analyze most of them one by one. First of all situation between Russia-Ukraine doesn't look any good, and it also heavily affects Europe, which is essentially directly involved in this war. Currently, gas from...

BitcoinMacro Pro+

The situation is very tricky as Europe's condition worsens. As the global economy is in a depression, the USD could keep going higher and higher, especially as the world faces more problems than the US. In his tread, Marko Papic outlines very eloquently why he thinks the European situation isn't as bad as many think, and he could be right. I am not as optimistic...

BitcoinMacro Pro+

The first sign that Coinbase was bottoming was that it dropped 90%. Very few stocks fall so much without bouncing at some point. The second was Fred Ehrsam, its co-founder who now runs Pm, a venture fund, bought 75m USD worth of shares with an average price of 70$. Whenever a founder is getting in after a crash, especially one running a venture fund, it's time to...

BitcoinMacro Pro+

So AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent. As stocks are bouncing and the bull...