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 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
As the US dollar takes a hard pullback, Bitcoin herds aren’t buying it Considering that a lot of the crypto sheeple followed some of the dumbest stumps on the planet, I don’t blame them. But still, if this were just a 2 day speculative flash in the risk ‘on’ markets you’d think this spec would have done something by now. Maybe if BTCUSD finally catches … Continue reading BTC/USD is not buying it
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
Today could be the start of a contrary relief bounce in a wide range of markets, including precious metals. I had thought that FOMC might bring something like that as a play contrary to the existing downtrends (and over bearish sentiment that goes with them). A few examples: ES (SPX futures) is bouncing right from the June low, as is NQ (NDX futures). Gold is … Continue reading NFTRH+; relief bounce
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
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
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?
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 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
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
