After weeks of warning traders that bitcoin was going to dump hard because of a major technical break, the largest crypto has hit our first short target. $20,000 is a major zone people have been watching as it was the previous highs back in 2017. A picture is worth a thousand words, so the weekly… Read More »Bitcoin hits our first target! Is $12,000 next?
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How things have changed for crypto’s! The crypto market has went from a high of $3 Trillion in November 2021 to now under $1 Trillion! Bitcoin itself has fallen nearly 70% from its all-time high in November 2021. Some are saying this is crypto’s “Long Term Capital Management” moment. A highly leveraged hedge fund that… Read More »Bitcoin crash! Is $12,000 next?
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I am not too popular with the Bitcoin crowd after warning Bitcoin bulls that the crypto, and other cryptocurrencies, move as a RISK ON asset. For more on this, check out this article where I provide a real life case study of gold vs bitcoin pertaining to the Japanese Yen. Guess which asset Japanese money… Read More »Is Bitcoin heading below $30,000?
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I realize that this post might trigger some people, but I have no intention of further dividing people into team gold or team bitcoin. All I am trying to do is open and facilitate a discussion involving some critical thinking. All based on evidence that anybody can see by looking at the charts. In this… Read More »Hey bitcoin bulls! Is bitcoin really superior to gold? Then explain this!
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