I harken back to the “good old days” trading forex when…..I’d get up at the crack of dawn ( now’a days even earlier ) pull up my charts and trade journal, review the dailies/weeklies, check the “news calendar” and get set for another day out on the playing field.
Glorious times. Truly glorious times. Times I will always associate with incredible freedom, excitement, and the ever satisfying / rewarding experience of being able to share my thoughts and experiences with you the readers as……….pulling apart and exposing the underbelly of financial markets (for those who perhaps needed a little “extra help”) was not only extremely gratifying – but somewhat of a passion.
Coming full circle, as things more often than not do……..I’m here yet again, and oddly…..faced with similar circumstances / similar variables in an ever-changing financial eco system.
Oh yes……you know it. I’m talking about ( not only Bitcoin ) but “once again” – I’m talking about the good ol American Dollar.
The U.S Dollar is now headed “DECIDEDLY LOWER”.
And……if any of you have learned “anything” here over the years – What happens to assets “priced in U.S.D” when the dollar falls?? Yes! You’ve got it….assets such as gold and Bitcoin will rise as you need MORE DOLLARS to by them!
This is a monthly chart of USD:
You see the dark black line? Give or take a day / week ……give or take a few points higher ( who gives a shit ) this marks the serious “top of tops” in USD and a massive turning point in markets.
Guess which markets? Ya……Gold and commods sure…but perhaps more interestingly (and now in context) you may finally understand my recent “forray” into Crypto.
“As The U.S Dollar Falls – Both Gold And Bitcoin Will Rise in Tandem.”
It’s Forex 2.0 folks – just a tad more “futuristic”.
Quick charts on Bitcoin and likely Gold bottoms:
See the dark black line = bottom area.
This isn’t a trade people…..this is a fundamental. Put it in your pocket as you continue to “question” the validity of crypto while “right in front of your faces” you’ll be watching the further depreciation of your “fiat / paper bullshit” along with it your purchasing power and more importantly – your freedom.