People ask me, "but why is Bitcoin doomed to fall back to Earth?"
People ask me, "but why has Bitcoin risen so much the last 12 years then?"
People ask me, "but why don't you want me to have a lambo?"
I tell people, "Bitcoin is a failure of its own success. Blockchain is the internet of things. It has worked so well that governments are now developing their own...
Many indications here that HP Inc. has topped throughout 2022. I expect the reaction to their upcoming earnings report on May 31st will be negative, whether or not they report decent earnings. Forward P/E will be revised downward.
Technical Analysis from 2012 shows we have 3 major rallies.
The length of price movement and time extended in each of these rallies...
Ladies and Gentlemen, please take your seats.
(...the music stops)
Okay, thanks for playing. Good luck to all of you!
The investment strategies that have worked for the last 40 years will no longer work. The true bear market is here. This will absolutely 100% NOT be a recession that will be forgotten easily.
It most likely will be a depression via stagflation...
Look at this. I actually wasn't aware of this correlation but it's right there.
Usually BTC rose before the yields would take back off in the past but it hasn't this time and yields have broken out MASSIVELY...
Perhaps BTC was only trailing the 10Y up with the past knowledge that the Federal Reserve would just lower it again, but Bitcoin is NOT giving that signal...
The past 60 days of upward movement is a corrective movement.
This means the larger trend is still down.
The upward price channel appears to have just broken.
All the price action of the last 2 months has been chaotic and messy, and those are the hallmark traits of a correction. These behaviors are driven by people all switching seats and changing their minds and...
Take your seats and Prepare for the 4th Turning.
De-dollarization is occurring before our eyes.
The game of musical chairs is coming to an end.
We will be lucky to get away with a debt crisis.
The more likely outcome is a currency crisis.
Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit...
June 1st, 2023 is the 1:1 time extension from wave A. That means that around that date, we may be at a very good price to buy. It doesn't need to do a full extension, but harmonics usually like these things to line up in some relative fashion. This is why we use the fibonacci sequence. I've noted some relative buy zones in the green boxes. Laddering buys is...
55 EMA has now crossed above the 120.
Looking back, this has not occurred since March 4, 2020.
The time before that was October 15, 2018!!
This is a historically valid pattern.
I've been watching this thing for years and now is the time to stack volatility. The Russians are disconnecting from the internet, inflation is only going to get far...
Pretty good impulsive structure down.
Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately.
You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down.
A break below...
Price has flipped many times in the past at this price.
Price is extended to the upside.
Momentum has been diverging for the last 8 months.
OPEC+ has reaffirmed their stance to increase production.
Saudi Arabia and other countries production hasn't even been turned back on yet so they can increase it even more if need be.
Global demand and consumer demand is...
Good spot to take profits and secure some winnings if you bought the dip.
Nice, textbook extension to the 1.618 hitting the bottom end of the broken support line. Textbook.
Breaking beneath 42k and holding under there confirms a bear trend again, but until then I'd say the bulls still technically have the upper hand.
Note: this move up has been fast and may...
The Dollar shows clear correlation between the different presidents and their white house policies. Interesting.
Funny that it seems Democrats experience a rising dollar while Republicans have the dollar go down. I wonder if there is a lagging effect though cause we know inflation takes a year or two to really appear.
I think it is safe to assume the Biden is...
I spent a lot of time trying to frame this for everyone so I hope you all gain some more perspective from this.
How low will we go? I'm pretty sure the game of musical chairs is over...
Hope you're not planning on the housing market going up forever either...
I don't know how this is gonna play out but I'd suggest diversifying your assets. It is most likely that...
No seriously! Guys!!
Alright I'm out. GoodBye.
Clearly the (tech bubble + housing bubble) formed a flat pattern and we just went up and retested the lower boundary......ummm....... Bye Bye.
Everything is lining up to where it makes unbelievable sense that the market will crash soon.
PREPARE FOR THE 3RD DEGREE DEVIATION TO THE...
Today is FED Day. Get ready.
Jerome Powell has NOT been confirmed yet by the legislative branch and they know they must be hawkish on inflation.
There is no hiding anymore. It's right there in the meat department.
They aren't even displaying price signs on our meat section anymore cause all the prices are up +50%.
Bitcoin is NOT an inflation hedge. It has gone up...
These guys have 122,500 Bitcoin (BTC) and have a total average purchase price of 30k with an average buy in of $3.66 Billion. Watch out if Bitcoin breaks below 30k.... who knows when the banks are gonna start calling and asking for their billions back... at the time of this article in December 2021, Microstrategy's BTC was valued at $6.13 Billion which is now as...
Contrarian signals everywhere.
Russia is risking being cut off from the financial system.
This could essentially wipe out the bid for oil as then no one in their markets could access those bids. A large % of the oil market will go offline so I would think we could expect at least -30% decline.