2010 to 2020 was our Roaring 20's. Now it's time for Depression..
Unsustainable era of Extreme Wealth Creation where the catalyst that created our industrial boom: The Internet. Innovation has been exhausted and tapped out from the Internet technology. Value creation will stagnant creating over-valuation.
Stock & equities market purely on borrowed money (margin, low interest loans, buybacks, etc.).
Unsustainable money printing.
Invincibility, arrogance. (even the homeless man under the bridge will tell you 'markets always come back'.)
Extreme polarization in political ideology.
There are a dozen other things from my fundamental analysis that matches directly with pinning our 2010-2020 era as a Roaring 20's equivalent. (unfort I don't have the time to post)
Therefore; I am utterly and extremely bear'ish on Bitcoin. Halving the supply will do nothing to stop an all out equities sell-off when extremely high unemployment forces families to capitulate their 401k's and liquidate every other equity they have in order to eat. Speculative assets will be the absolute first to go. In a way, you can use this as an early indicator, and use housing as the last lagging indicator to signal through. Entire car industry is on extremely bubble-like shaky grounds right now where the extremely questionable auto loan practices over the past decade has finally boiled over (starting with first in, first out theory of the big wave of unemployed people buying new/used cars in the past months on loans deferred 120 days with high degree that 70% of jobs do not come back and they will remain unemployed when the economies of the world only operate at 30% capacity.)
We saw what Bitcoin's price of $4,000 to $10,500 was comprised of. It was comprised of the same type of investor that comprised the Dow from 18,000 to 30,000. And Dow is still on it's way to meet 15,500 (for first bounce) as the current & final BIGGEST BEAR MARKET RALLY IN HISTORY comes to exhaustion to begin sell off.
After the bounce rally from Dow 15,500, we will see another secondary Black Swan. Very well in the possible form of either THE EURO CURRENCY COLLAPSING and/or the United States auto industry bubble finally pops which was early-indicated warning shot by Oil.
This secondary Black Swan will put the final dagger into our sell-offs of equities that will eventually over the course of ~1.5 years into the 7,000 to 8,000 DOW territory near the end of 2021. Bitcoin reaching a low of $1,750. (with a slight possibility to test even $880).
Severe downside outweighs any marginal upside. Missing gains if we do indeed "v or u bounce" will merely be the cost of insurance. Plus, if you're worth any salt as an investor or trader, you understand There Is Always Another Trade so catching the "bottom" of a crash is skittles to being able to ride the multi-month big trends.
Good luck. And be safe!
Unsustainable era of Extreme Wealth Creation where the catalyst that created our industrial boom: The Internet. Innovation has been exhausted and tapped out from the Internet technology. Value creation will stagnant creating over-valuation.
Stock & equities market purely on borrowed money (margin, low interest loans, buybacks, etc.).
Unsustainable money printing.
Invincibility, arrogance. (even the homeless man under the bridge will tell you 'markets always come back'.)
Extreme polarization in political ideology.
There are a dozen other things from my fundamental analysis that matches directly with pinning our 2010-2020 era as a Roaring 20's equivalent. (unfort I don't have the time to post)
Therefore; I am utterly and extremely bear'ish on Bitcoin. Halving the supply will do nothing to stop an all out equities sell-off when extremely high unemployment forces families to capitulate their 401k's and liquidate every other equity they have in order to eat. Speculative assets will be the absolute first to go. In a way, you can use this as an early indicator, and use housing as the last lagging indicator to signal through. Entire car industry is on extremely bubble-like shaky grounds right now where the extremely questionable auto loan practices over the past decade has finally boiled over (starting with first in, first out theory of the big wave of unemployed people buying new/used cars in the past months on loans deferred 120 days with high degree that 70% of jobs do not come back and they will remain unemployed when the economies of the world only operate at 30% capacity.)
We saw what Bitcoin's price of $4,000 to $10,500 was comprised of. It was comprised of the same type of investor that comprised the Dow from 18,000 to 30,000. And Dow is still on it's way to meet 15,500 (for first bounce) as the current & final BIGGEST BEAR MARKET RALLY IN HISTORY comes to exhaustion to begin sell off.
After the bounce rally from Dow 15,500, we will see another secondary Black Swan. Very well in the possible form of either THE EURO CURRENCY COLLAPSING and/or the United States auto industry bubble finally pops which was early-indicated warning shot by Oil.
This secondary Black Swan will put the final dagger into our sell-offs of equities that will eventually over the course of ~1.5 years into the 7,000 to 8,000 DOW territory near the end of 2021. Bitcoin reaching a low of $1,750. (with a slight possibility to test even $880).
Severe downside outweighs any marginal upside. Missing gains if we do indeed "v or u bounce" will merely be the cost of insurance. Plus, if you're worth any salt as an investor or trader, you understand There Is Always Another Trade so catching the "bottom" of a crash is skittles to being able to ride the multi-month big trends.
Good luck. And be safe!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.