Protected: NFTRH+; relief bounce
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Tag: bitcoin
Protected: NFTRH 718
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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: 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)
NFTRH+; attn: Bitcoin fans
To me, it’s another speculation trying to bounce back. To many however, it’s a progressive investment on the future. Regardless, Bitcoin (BTC/USD) has a chart that is trying to bottom as it nests on the daily SMA 50 and attempts to break a fan line. Both RSI and MACD are positive and far from overbought. Though I’d not want to see it drop below the … Continue reading NFTRH+; attn: Bitcoin fans
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
NFTRH 692, out now
Very helpful as a guide in times of change, sorting through different short and long-term conditions and associated strategies. NFTRH 692, out now. 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 PayPal or credit card using a button … Continue reading NFTRH 692, out now
The Zombie Ship of Theseus
Keith Weiner with a stroll down monetary Memory Lane, to and through Bitcoin Leave it to Keith to get way outside the box when viewing money, (funny) munny, gold and Bitcoin. “The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? … Continue reading The Zombie Ship of Theseus
NFTRH+; BTC/USD technical status
As noted in the weekend report I am giving BTC/USD the benefit of the doubt pending the support at the top of green shaded cluster from September but wanted to see it get on top of and clear the SMA 200 in order to keep holding the ETF position, BITO, which tracks Bitcoin pretty well. Today BTC made a move in the right direction. I’ve … Continue reading NFTRH+; BTC/USD technical status
NFTRH+; Heads up… Bitcoin
In NFTRH 680 we noted a potential buying opportunity for Bitcoin bulls. I am not one of those, but I am the guy who updates the charts for you. A test of the SMA 50 was noted as a logical buy/add area for someone fundamentally bullish on BTC/USD (as the US dollar approaches its next target and resistance at 96). Here are the updated BTC/USD … Continue reading NFTRH+; Heads up… Bitcoin