...The Dude abides. Sorry ol' Duder hasn't been so active the last half decade. As you all know (or not) the Dude only gets excited when it is worth getting excited for. Say goodbye to 2020 with saying goodbye to $20000. $BTCUSD #BTCUSD #Goodbye20000 #BTC #BITCOIN #BTCUSD #BTCEUR
Divinding away the dollars in each ticker, the S&P has been loosing value compared to Bitcoin since October 2011.
green, I say.
We are getting closer to this cycle being over and beginning a new cycle.
CNY is not pegged to USD since 2010
Here you will see the trend change candle. The long term down trend is likely almost over.
2008 trendline is touched.
Daily chart still set up nicely for a rise. this was a small correction that will continue upward. The short term trend seems unaffected. Price levels seem to be fairly spot on with the Fib levels.
We are trending up.
Long term any currency, like $USD, that can be infinitely created will not stand the test of time. Good long term monetary asset classes include most commodities that do not spoil. Gold, Bitcoin, Silver
Three years of bitcoin gains.
In 2016 will be the time of another grand bubble. The left-most two fib retracements are real, you can barely see the smallest one.The third (right most) fib retracement is the projection.
Next bubble on track for sometime 2015
Don't miss this chance. RSI this low is a strong indicator and on a weekly chart, it can't be wrong.
Targeting $6500 plus or minus $500 for mid 2016.
Dude is short Federal Reserve Notes. Dude is long bitcoin.
Dude's thoughts are that soon the 50 day EMA will be moving above the 200 day EMA. Dude will buy as long as price does not go lower than $1300. In the last months we've seen some multi-year lows. We could move one more time lower, but the risk for this is lower as the summer comes to an end. Fundamentals for gold are still positive. More, forever, QE announced...