Markets are irrational with extreme green in stock market and labor market is persistently strong which stops FED from pivoting. When they begin to cut rates, it could be because something has broken in the markets... Cash is king, for now. But damnnn am I so bullish long term on crypto!!!
Bullish: - SPX and NDQ getting close to ATH - Inflation "transitory", recent 3% CPI print - "Consumer still strong" - "AI will massively boost productivity" - AI advancements - Strong labor market Bearish: - Blackrock ETF filling & CEO going on CNBC hyping BTC (short term bearish) - Wage growth (5.74%) - Core CPI at 4.8% - Core PCE 4.6% (!!) - "This time is...
It is time! 1034D of bear markets. Link will replay being ahead of crypto markets similar to 2018
We are yet to see first, a pullback by BTC coupled with stock market correction and destruction of Alts. Capitulation by both price and time. Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3. NOTE: 2020 Feb-March has been omitted as a black swan (anomaly) Recession is looming and true scale to be surfaced....
Ignoring black swan pandemic, bitcoin was set to test $3k to fully shake out all weak hands. It is 2023, we've had 5 green monthly candles. There are talks of the Blackrock (575-1) Bitcoin ETF as well as all the previous institutions waiting to get their hands on a spot bitcoin ETF. Furthermore, Larry Fink, Blackrock CEO went on CNBC to push Bitcoin to the world...
LL's after LL's. Bitcoin spot ETF to come in U.S. within the year. Altcoin reckoning (real) is yet come...
Wyckoff Accumulation is working in phase D with phase E (markup) soon to come. Relevant recent news: Blackrock CEO going on CBNBC and talking about how Bitcoin is a hedge currencies and yet Bitcoin fails to decisively blow past $32k. Whilst stocks are enjoying the 3% CPI print, recession is yet to be fully priced in nor underlying threats to financial system due...
Tags: Blackrock Bitcoin ETF, Inflation, PCE, FED, Wage-price spiral, BTC.D, ETH/BTC Could we be mimicking 1970's market? So last PCI reading came 3% but core CPI is still high and Core PCE (FED's preferred inflation measure) has been sticky in 4.5% area for past several months. Whilst inflation expectations have been tamed by FEDs continued "We remain focused on...