NFTRH 735, out now

Screenshot, inform the nice people about the generalities of the detailed contents of this week’s succinct (18 page) but personally very helpful report. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link … Continue reading NFTRH 735, out now

Bitcoin: Looks like the major target is coming after all

Bitcoin is dropping toward the major support target My “I won’t speculate in Bitcoin (BITO) until…” point is the 10,000 to 12000 range (preferably with ole’ Tommy boy having removed those stupid lasers from his eyes), per NFTRH’s routine updates in the Currencies segment. But recently, per this weekly chart I’ve thought that it had a good chance to bounce from lesser support. Well, instead … Continue reading Bitcoin: Looks like the major target is coming after all

Useless know-nothing gets slap on wrist for crypto pumping

Kim Kardashian bagged by SEC as a crypto scammer, slapped on wrist To me it’s disgusting that people even care what this self promoting idiot does, says or supposedly invests in. But boy that crypto space – getting the punishment it deserves – was/is infested with some of the worst humans on the planet. Clicking the graphic yields the article (which I have not and … Continue reading Useless know-nothing gets slap on wrist for crypto pumping

NFTRH 718

Notes From the Rabbit Hole, #718 Another edition of NFTRH presented as a post rather than a PDF. I feel more comfortable getting right down to the important points using this format where I tend not to worry so much about format and presentation, but instead get down to business. Current Market Situation From my point of view, here is where we are and how … Continue reading NFTRH 718

NFTRH 712, out now

And I gotta run! Happy 4th, folks. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or … Continue reading NFTRH 712, out now

bitcoin

Bitcoin: Support here or lower?

Support #1 for Bitcoin has been hit, but #2 is well lower My preferred no-brainer target – per NFTRH’s Currencies segment – has been 12,500 as we’ve been noting for most of 2022. But Bitcoin (BTCUSD) did touch the December 2017 high, which can also be considered viable support. That is a lot of damage done to the Bitcoin promoters and especially their herds. I … Continue reading Bitcoin: Support here or lower?

Currencies (NFTRH 709 excerpt)

A brief look at currencies Excerpted from the June 12 edition of Notes From the Rabbit Hole: Currencies All hail Uncle Buck! Especially those who’ve been guiding their herds against it not only over the last bullish year, but since the bullish Goldilocks flavored up-surge in 2014 and well, ever since I began seriously paying attention to the global macro in 2002. The USD, AKA … Continue reading Currencies (NFTRH 709 excerpt)

Gold vs. ‘risk on’, cyclical markets

Gold is regaining its composure vs. cyclical markets It’s a process, folks. An extended and annoying process. Our brains fire off in real time but the markets move over time frames. Using ETFs for the actual markets, let’s note that… GLD/SPY has held the intermediate uptrend, aiming for a new cycle high. GLD/ACWX is a bit weaker but still constructive. GLD/FXI has been getting drubbed … Continue reading Gold vs. ‘risk on’, cyclical markets

Gold vs. Bitcoin

The monetary metal has changed trend vs. monetary digits The future of money will have to wait before the new digital munny is ready to take over safe haven ‘liquidity’ status from the old metallic monetary relic. Where the former has the laser-eyed likes of know-nothings Tom Brady and Paris Hilton among its promoters, gold only has history; long, boring, staid, tepid history (oh yeah, … Continue reading Gold vs. Bitcoin

FYI, Rick Ackerman commenting here on gold (and Apple)

Just a heads up that a guy I’ve known of and respected for many years has been commenting on this post from Monday about the negative divergences to inflation: Not inflation friendly I note it because if one of the typical gold bug knuckleheads had shown up here I’d be disappointed. But a guy who goes his own way and calls it as he sees … Continue reading FYI, Rick Ackerman commenting here on gold (and Apple)

Bitcoin: Acting like the speculation it is

As USD and Gold rise, Bitcoin acts like the speculation that it is The US dollar is roofing… Gold is also getting the global liquidity bid. And then there is BTCUSD, acting like a speculation along with all the other speculations the world over. Where’s Tom Brady and what’s her name, the hotel heiress come crypto big mouth when you need them? For “best of … Continue reading Bitcoin: Acting like the speculation it is