BUY CRYPTO - Time to SELL the DOLLAR
Updated
Hi Everyone
In today's analysis, we're taking a look at the overall stock market - and it's not looking great. But what's looking even worse, is the M1SL chart - in other words, the money printing chart.
From the analysis we can see that we live in unprecedented times and it might be time to ditch the dollar and the stock market ... for crypto.
The problem, M1SL:
In the video I mention we'll take a look at Fibonacci extensions for the stock market, here's one shot:
Historically, this chart tends to jump a few fib levels at once, I believe the next immediate target might be here, the 4.618 fib level:
For those who are keen on the VTI technicals, from the 1W perspective our green is making sharp contact with the red whilst going up, indicating we're ready to go higher (possibly confirming my 4.618 target). See the other arrows as an example of what happens when the green makes contact with the red:
This level of money supply and hyperinflation is unsustainable. As the economy takes more and more hits due to the pandemic, quantitative easing is used in ways that can only lead to a catastrophic ending for the financial system.
Let me know your thoughts in the comments
Best Regards
Ev
In today's analysis, we're taking a look at the overall stock market - and it's not looking great. But what's looking even worse, is the M1SL chart - in other words, the money printing chart.
From the analysis we can see that we live in unprecedented times and it might be time to ditch the dollar and the stock market ... for crypto.
The problem, M1SL:
In the video I mention we'll take a look at Fibonacci extensions for the stock market, here's one shot:
Historically, this chart tends to jump a few fib levels at once, I believe the next immediate target might be here, the 4.618 fib level:
For those who are keen on the VTI technicals, from the 1W perspective our green is making sharp contact with the red whilst going up, indicating we're ready to go higher (possibly confirming my 4.618 target). See the other arrows as an example of what happens when the green makes contact with the red:
This level of money supply and hyperinflation is unsustainable. As the economy takes more and more hits due to the pandemic, quantitative easing is used in ways that can only lead to a catastrophic ending for the financial system.
Let me know your thoughts in the comments
Best Regards
Ev
Note
To clarify for new traders: you might be thinking, if stock prices go up and up and up that's great right?? Well no. Let me explain : Let's say you have 1 Facebook (FB) stock and it is worth $20. Also, a bread at you local grocer is $20. In two years, your one stock is now worth $40. In other words, you have made 100% profit since your stock was bought at $20. HOWEVER, you go to your local grocer and find that the price of a bread is now $35.
Do you see the problem? Value can be illusive. This is the illusion of profit when hyperinflation is happening.
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Cryptocheck Website
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SoftQuant Website
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