In fact, the economic fundamentals across the world is heading south for the rest of 2020 and likely 2021 and would possibly only improve in 2022 at the soonest.
The idea that a speculative "asset" could post new highs is an uncompelling proposition.
Having said that, the stock market in the US has gone crazy, courtesy of the Fed. Some of the hot money may flow...
With the amount of money pumped into the market and the fast disappearance of investment opportunities elsewhere, it is hard to see the US stock market cool down.
Still, NASDAQ is entering into All-Time-High territory with 10000 psychological resistance ahead. Bearish divergence can be observed, too. Some kind of pull back is likely, though 8800 is possibly going...
While the public seems to lack faith in the euro and European economy, there's a strong psychological support at around 1.05.
I see a possible rounding bottom reversal with high volatility in the short-term (could reach as low as 1.05) but reduced volatility in the medium-term.
It appears that a retest of the support at 8250 is likely in the coming days. The question would be whether the support of 7650-8250 is enough to absorb the momentum.
On the fundamental level, if virtually unlimited amount of money is injected to the stock market share prices should go up.
This makes me think that trillions more will likely be injected later this month.
Oil price reflects macroeconomic situation as well as geopolitical tensions in major oil producing countries.
One would surmise that demand in the coming months is likely to remain low, while price war among oil producing countries continues. On the other hand, if major conflicts break out, price could easily double within a week's time.
I'm keeping this note...
The price of Bitcoin will soar if you believe it's going to be the world's reserve currency.
Otherwise, we're reaching a likely imminent crash:
Bearish divergence on the volume
Classic rising wedge
Key resistance levels
Most importantly, Bitcoin's economic model is designed to be "pyramid-like". As miners' incentive drops next month, Bitcoin's price...
The market is oversold. The US government has gone wild with stimulus (irresponsible monetary policy + bold fiscal commitments).
While the news has just been confirmed, on the weekly there seems to be an upward momentum to fill the gap (as marked).
In the mid-term, however, the US economy will take a larger hit. While the stock market could remain detached,...
This is an idea that many may find hard to believe. Nonetheless, I see an interesting parallel between the 1990s and the 2010s. This last wave can be understood as an extension.
This idea would mean that the economic expansion in the US will continue for longer than most would expect.
The story line about block reward "halving" is unfolding, now without the "reason" for price to climb.
Some would argue that because the cost to mine hasn't changed the price per coin should double. Very strange logic. More likely, some miners would quit so the mining cost drops.
Of course, if there's suddenly a huge demand that wasn't there...
I see two scenarios (thought of it last night):
1. Prices goes to 20k, and a dramatic crash follows, wiping out most coins and maybe some exchanges. Target is around 1k. This is the best scenarios, because most scammers will leave, and after a cleanse there'll be a new possibility to get 20-100x with Bitcoin.
2. As charted. Fake out at death cross cannot pass...
Somehow it reminds me of ... (better not say it publicly).
I am not saying / accusing / hinting that Tron is related to any fraudulent activities. I am only referring to the flow of news, which can be a mix of different shades of truth.
Target is 2/3 price drop.