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
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)
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
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
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
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
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
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
It’s FOMC week. And who really cares? The analysis does not really care. It lays out the status of the inflation trades and the precious metals. But also the status of what I think a lot of people ignore, which is the stock market and its varied sectors, driven by varied macro conditions. The thing is to pick the right stocks within those conditions, assuming … Continue reading NFTRH 679, out now
US dollar rises and so do markets not normally correlated with it Strange signaling in today’s pre-market as the US dollar rises from support above the up-trending SMA 50… As Bitcoin also rises… Copper holds support… Silver is firm… …and gold creeps above its SMA 200. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth … Continue reading Strange Bedfellows in the futures
Screenshot, tell the nice people what you will… Now offering a 2 week free trial to the NFTRH Premium service with no obligation whatsoever. Sign up by PayPal, enjoy 2 free weeks of on-point market management and if it is not for you, cancel at any time with no further obligation. When you find that it is for you, stay on for as long as … Continue reading NFTRH 675, out now
Mainstream financial media bullhorned a golden cross in Bitcoin just before it dropped (of course they did) On September 16th the MSFM touted a Golden Cross for Bitcoin bulls to suck on and I, considering it almost my duty, made fun of them for it. Same shit, different day (and market). It never ends. Oh, and in order to read all about it, you’d have … Continue reading So MSFM, how’s that Bitcoin Golden Cross working out? w/ Bonus chart of HUI
An ominous sign for Bitcoin… So, is a sensational ‘cross’ headline going to be right this time? I have not linked the article because it’s behind a pay wall. If you want to pay to read about this contrary indicator have at it. You can do so here: CNBC.com A DEATH CROSS of the SMA 50 below the SMA 200 happened back in June, 2 … Continue reading Ominous media headline for Bitcoin
BTC/USD is making a fairly dramatic test of the 50 and 200 day moving averages Thus far the test sees the Bitcoin price intact, technically. Just avert eyes from daily RSI and MACD (and instead train them on a weekly chart for a somewhat more pleasant view). For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an … Continue reading Hard test for Bitcoin
