WorldEconomics

WorldEconomics Updated 

There is undeniable toxicity in the economy. Fear sent the TVIX to an over 800% bullrun followed by market calming. So, is it over? Can we expect another run from TVIX? The answer: Yes! One only has to look at the economics to see what is coming and already here. Today, we are looking at some of the worst numbers in economic history. I've always said that the...

WorldEconomics

Where to begin? I guess we can start with what this chart is showing. This chart shows that since 2008, oil has been in a deflationary spiral. Just look, since 1984, crude markets were in a healthy stable sideways movement. The ones who were buying and selling oil, were the ones who were in the field. Today? You have a bunch of no good investment firms who got...

WorldEconomics Updated 

It's here, the massive collapse few experts warned about. Today, was proof that demand is much smaller than mainstream economists thought. Sure, June contracts are $21, but, that can change like it did today. From here, what can we expect with oil being at $1 a barrel? Simple. Massive closures of oil fields and oil producers going bust. Remember that oil...

WorldEconomics Updated 

Bitcoin has shattered the expectations of recent our recent charts. The bulls are in, and proof is in the chart and history. Taking a look at the 1W chart, the MACD is showing that it just began a long bullrun. Second, take a look at the green boxes. Whenever Bitcoin started moving up.. it kept going up. There is no time in its history where Bitcoin moved up...

WorldEconomics Updated 

This could be another possibility to play out. Thoughts?

WorldEconomics

It looks like we're seeing the beginning of a new financial crisis. Don't be fooled, this historical collapse of the market isn't because oil prices, but because of simultaneous bubbles popping, starting with the stock market bubble, Federal Reserve Bubble, and debt bubble. If we take a look at the response from the government, its horrifying. They are taking...

WorldEconomics Updated 

An interesting note, BTC climbed with gold during the Iran conflict. Short of this, Bitcoin still isn't a safe haven. Having a look at the Dow vs Bitcoin, it seems that BTC followed the Dow in a sell off. As I've always said, the smart money goes into gold. This Chart: RSI is high, coming down.

WorldEconomics Updated 

Forgive the sloppy drawing but the point is clear. It seems like Bitcoin has peaked this time at around $8,996, failed to break $9,000 and break out of the downtrend or the 200MA. This current trend is eerily similar to the 2018 bust.. lots of selling with the occasional bear market rally. Bear market rallies are quite common, especially in stock markets...

WorldEconomics Updated 

Check out our chart on gold mining stocks. If you look back, you will see how gold mining stocks always boom during election years as political and economic uncertainty take hold. Expect anywhere from 200% or more in the price of NGD . The price has been in a descending channel , but it looks like it has recently broke and flattened which could only mean it is...

WorldEconomics Updated 

Quick chart to show what is going on and where we may be heading. First off, let's get into the ascending channel, which BTC broke these last few days. This could be a correction following the recent 54% bull run of beginning of 2020. Reasons for bearish sentiment: Double Top Cup and Handle (can be drawn from double-top) Broke Ascending Channel Is...

WorldEconomics Updated 

There have been a lot of blindly optimistic charts out there that kept calling for an immediate bullrun to $10,000 or more.. based on nothing. First off, we need to acknowledge that Bitcoin is in a bear market. The MACD clearly shows it. Look at the undeniable similarities of the MACD and Histogram of the 2017 bullrun and the 2019 bullrun. An interesting...

WorldEconomics Updated 

I noticed a pattern that I though I would share. I measured the three highs from the 3 candles AFTER the ATH's and combined them (purple lines). I then set them from the close downward and found that for the Dec 2017 bullrun, it almost PERFECTLY matches the low set in Dec 10th, 2018 of $3,128. The yellow line is the 3 purple lines combined. So if this hold true,...

WorldEconomics

As you can see, Bitcoin remains in a downtrend. There is no certainty of a bull-market break out, specially since 2019 already had a 359% bull-run. This rally is based on the closing weekly candle. Also, the RSI is basically that of what we saw in Nov 2018 when Bitcoin fell to $3,000 so this is something to watch. Thoughts?

WorldEconomics Updated 

It seems like ASM has been in a downtrend since late July. The good news is that ASM seems to be stabilizing with sideways trading. If we continue to trade sideways, we will break the downtrend and enter a new bullrun. Facts: Elections are always bullish for gold and mining stocks. Rate Cuts are bullish for precious metals. Quantitative Easing is bullish...

WorldEconomics Updated 

If we look at the MACD on the Weekly Chart, we can see that ADA is finishing the bear market. Selling is slowing down and the MACD histogram is showing a reversal, which in this case is from bear to bull. Have we hit the lows yet to buy in? No.. I suspect that Bitcoin will have more selling before reaching real support and sparking a new wave of buying. I...

WorldEconomics Updated 

I do not believe selling has stopped. First, Bitcoin play between $8,500-$8,700 then the next day it played around $8,200-$8,400 and today it is playing around $7,900-$8,200.. which clearly means its a bear market and lots of volatility. From the chart we can see that Bitcoin hit the $7,500 level about six times between May and June. It's safe to say that $7,500...

WorldEconomics Updated 

Plug has some exciting news coming up. First is their earnings, and second is YTD performance, and lastly, is new partnerships. Plug is one of the fastest growing investments in their sector. Clean energy is the future Target $3.45 - $4.00

WorldEconomics

Then it looks like we have a much steeper sell off. Based solely just on the MACD Histogram, its showing that selling has just begun. The charts showing $6,000 or less are starting not to look so crazy, specially when you take into account the RSI and MACD on the 1W. Pure and simple, its showing a deeper selling before finding stability. There is no point in the...