DJIA - From Outter Space - Does it look like we need a pullback?
Follow up to chart - DJIA - "Dow Jones Overbought, President Race 2021, Bitcoin"
DJIA looks primed for a pullback anytime now.
If we get a pullback, with the current global and domestic fiscal uncertainty, with Bitcoin halving....we may see a decent run up.
I also recommend Gold in both physical and stock, shorting SPY or buying Puts, and shorting/puts on other securities when the decline occurs.
Some people like Tom Lee (Fundstrat) think BTC is risk on when SP500 is all time high.
I personally think that countries like Argentina and Zimbabwe found huge runs in price and premium when the reserve currency became destabilized.
When bitcoin goes through next halving in May 2020, it will become more deflationary that the dollar.
When this happens it will pull other revenues as it becomes a better store of value.
In less than 10 years, Bitcoin will be more deflationary that Gold.
When this happens, while the market cap increases, we will see interesting price increases.
If you look really far forward, you can skate to where the puck WILL be. Not where it is going.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
DJIA looks primed for a pullback anytime now.
If we get a pullback, with the current global and domestic fiscal uncertainty, with Bitcoin halving....we may see a decent run up.
I also recommend Gold in both physical and stock, shorting SPY or buying Puts, and shorting/puts on other securities when the decline occurs.
Some people like Tom Lee (Fundstrat) think BTC is risk on when SP500 is all time high.
I personally think that countries like Argentina and Zimbabwe found huge runs in price and premium when the reserve currency became destabilized.
When bitcoin goes through next halving in May 2020, it will become more deflationary that the dollar.
When this happens it will pull other revenues as it becomes a better store of value.
In less than 10 years, Bitcoin will be more deflationary that Gold.
When this happens, while the market cap increases, we will see interesting price increases.
If you look really far forward, you can skate to where the puck WILL be. Not where it is going.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Note
Article - About 55% of Wealthy Investors Are Bracing for a ‘Significant Drop’ in Stocks Before the End of 2020 - barrons.com/articles/wealthy-investors-bracing-for-drop-in-stocks-by-2020-51573689326?siteid=yhoof2&yptr=yahoo
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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.