You seriously can't make this stuff up. Whatever happens in November--whoever wins the election, unless the country literally falls apart (and even then, who can say this would end?)--A presidential election is always followed by a sense of certainty for the next 4 years, massive spending, and massive money printing. What else can we say. Not financial advice....
not financial advise. Cutting out the noise and stepping back to observe the 4 year baked in cycle of issuance halving and human reactions to supply limitations.
following the standard bubble cycle, looks like we are good for a disbelief next: ritholtz.com
not financial advice. not accounting for possible WWIII. not accounting for possible inflation, hyperinflation, deflation, revolutions, pandemics, billionaires, oligarchs, corporate treasuries, national stable-coin releases, new world orders, or internet cats.
I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain. - Frank Herbert, Dune: en.wikipedia.org
it's almost like we've seen this before...
Not trading advice, just fun and games. All fun and games until the FOMO kicks back in.
Not financial advice but I'm hoping that the market will rebound into "recovery" until April to about $139 for $VTI, then I'm liquidating out with an eye on global markets bottoming out with $VTI around $66 in Q1 of 2020. I'm not a fiduciary, not an economist, not a professional trader. Don't listen to me. Just posting this for personal tracking.
Quantitative Easing (money printing) worked out pretty well so far. But how long will it last? We skipped over the last correction like it wasn't even supposed to happen, but like an island awaiting a volcanic explosion or an overdue earthquake, it's just a matter of time before we see the biggest devastation ever. That said, ride the bull while it's...
While people are calling for LTCUSD down to under $100... seems legit.
I think the top option is more likely (bullish next month)
or it could go down to $3200
It's time for this little chicken to fly.
Gold and Bitcoin going up this year. $USD going down.
If we break below 7600, the floor is somewhere around 3100, as time goes on, that floor moves upward. I think we'll see $4,200 by August (if we are lucky)
Dumped just in time. Sorry I didn't share with more people when I did. "Don't look at the TradingView charts for Visa, Dow Jones, the S&P 500, etc. And don't compare it to the last two major crashes. This fine. Move along. Nothing to see. There's lots of money & future growth ahead. At least until August." 10:42 PM - 1 Feb 2018 twitter.com
I don't know how long this perceived affluence will continue--but the days are numbered. Everything is overbought.
stochastic RSI suggests we are heading for the short-term floor, maybe even lower if we feel like going nuts. This time we'll push below $3K. I'm not a financial/investment advisor. Trade at your own risk. I don't bank big on predictions--I have orders on both sides--so this opinion will change as the chart changes.