Bitcoin will rise as the dollar descends
Updated
Bitcoin will go a little lower until next week, then start to rocket again since USDJPY will be capitulating and that will force inflation to resurface. Inflation also means excess liquidity which is what bitcoin is, and is highly correlated to the nasdaq. I give it till summer when the BOJ pulls the plug and the FED is forced to hike rates again.
This will force the dollar
DXY to go 140+ and along with it a deflationary spiral that will call this the Greatest Depression. This will blow up all the other currencies leaving the dollar for last. It is then from the ashes of everything the FED and central banks will usher in negative interest rates to "rebuild society" using social credit scores like the movie Demolition Man.
If Trump gets elected and not assassinated or arrested, then he will ban the dollar CBDC and go back to a gold standard. Then you will see bitcoin launch ahead of the old dollar and hold its own with the new gold backed dollar. If Biden gets reelected CBDC's will happen here in America and bitcoin and gold will go to the moon either way.
This will force the dollar
DXY to go 140+ and along with it a deflationary spiral that will call this the Greatest Depression. This will blow up all the other currencies leaving the dollar for last. It is then from the ashes of everything the FED and central banks will usher in negative interest rates to "rebuild society" using social credit scores like the movie Demolition Man. If Trump gets elected and not assassinated or arrested, then he will ban the dollar CBDC and go back to a gold standard. Then you will see bitcoin launch ahead of the old dollar and hold its own with the new gold backed dollar. If Biden gets reelected CBDC's will happen here in America and bitcoin and gold will go to the moon either way.
Note
urbankaoboy.com/p/re-macrousdoil-the-battle-of-theIs great weekend reading that covers all the major players and their potential chess moves. It weighs possible moves and gives you a clear outlook of the market dynamics right now.
Note
No rising wedge, just a double top:x.com/SuburbanDrone/status/1805286478555054268
A good time to hedge is now...
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