FlyTheElephant

FlyTheElephant

"Blue (color may be incorrect) line generates income to pay interest on red (color may be incorrect) line. See the problem? It's just math. #Weimar #FourthTurning #Gotgold" - Lawrence Lepard Oct. 15 2019 via twitter.

FlyTheElephant

This is a chart comparing the buying power of bitcoin against lumber costs so that we can see over time how bitcoin protects the purchasing power of your assets and ensures that the american dream does not become out of reach. Orange line is lumber to dollars. Red and green candles are lumber to bitcoin price adjusted to coexist on the same scale.

FlyTheElephant

Companion to the other idea linked, this is the daily, that one is the weekly and has information about the post.

FlyTheElephant

Horizontal line is the current price which the state of russia has declared that they will purchase essentially infinite gold using roubles. This chart should suffice to prove over time where the price of gold is in relation and whether that deal is ongoing or has ceased. I think this is not a true peg, or a gold backing as some have declared, but actually a...

FlyTheElephant

Don't worry about this, its probably just a mistake or something, no way this will keep happening.

FlyTheElephant Updated 

The S&P500 has made a very large run up starting with the coronavirus liquidity crisis dump, and the entirety of that run up has been in an ascending wedge. This run in my mind has been mainly fueled by capital flight away from the dollar due to rampant inflationary activities at the Federal Reserve that go beyond the observed prior trend of the M2 supply. The...

FlyTheElephant

The title says it all. Once corrected for inflation of the monetary supply, it is abundantly clear: this is not a hedge.

FlyTheElephant Updated 

Above is a chart of bitcoin from mid 2010 to present. A parabolic curve was drawn with a formula that tightly follows the bottoms of the crashes and lowest prices in bitcoin's history. That curve was then cloned above multiple times to create a parabolic set of scales to show how far above a fully crashed price you are at (at least according to current data,...

FlyTheElephant

Listed here is a monthly candle chart going back to 1960 to serve as a companion to my daily candle chart on the same topic. See linked Idea for details.

FlyTheElephant

This is not entirely about a trade, moreso a thought experiment of the future to come. After the great 2020 coof liquidity crisis a brief and severe expansion of the monetary supply occurred in order to bail out the entire economy. This seems to be followed by an equivalent expansion rate mirrored by the 1971 expansion. The marked difference this time is that the...

FlyTheElephant Updated 

Bitcoin is showing an Inverse Head and Shoulders bottom with a confirmed retest on the 5 and 15m candle charts. We are also on the retest of a much larger inverse head and shoulders pattern on the 1 day candles. This is about as bullish as it gets. Support ranges are 7000 for this pattern, and 6850 for the daily Inverse head and shoulders. If this bottom holds,...

FlyTheElephant Updated 

Bitcoin is currently headed for a retest of the 6850 inverse head and shoulders pattern. This level is also the .618 fib level. At that level the market will determine whether we are in the beginning of a bull market or a continuation of the larger bear market or consolidation pattern. This is a key area for trading, and for the next 3ish months of bitcoin price action.