DATA VIEW (NOT A FORECAST): US REAL DEBT DOUBLED SINCE 2009US debt to foreign investors has doubled in volume since the start of 2009 (which was the height of the financial crisis). This indicates that despite the fact that the crisis occurred and was initiated in the US, the demand for their debt not only did not vanish - it actually spiked. In mu humble opinion, it is a very strong indicator of the actual strength of US economy.
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Please note, that the level of debt that US actually owns to the rest of the world is much lower than 100% of GDP. Actually, as long as the debt COST is affordable (and it is affordable now) - debt is not much of a problem.
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For more detailed info (very interesting stuff), please see: www.treasury.gov
IS
GBP/JPY potential patternGartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the chart it could be one of the great trades this year.
That's all, folks.
The bull is charging. Be prepared.Many feel the market has been heavily suppressed over the past few months, and whilst I would agree, I think it is time for the bull to regain power. If only for a short while.
We have many bullish divergences building on the higher time frames now. MACD divergences on the 3-day and 1-day, along with clear RSI divergences too. This would give us a lovely pop in the market, thus allowing indicators to charge up for more down.
I have not looked at any accumulation indicators to date, but I feel that the larger entities have began accumulating if not already mostly in position from here. Yesterday was another day of heavy dumping from our friend at stamp and most impressively at Huobi, we saw quite large sells in the space of 15 minutes. 4,000 coins swapping hands mostly in selling. The market took it like a champ if you ask me. It gobbled up all those coins, nom nom nom.
We still have quite a high hashrate, however I feel miners are definitely feeling a strain. Our transaction volume is growing and merchant adoption has blasted off much like the price did in 2013. I don't mind a bubble in merchant adoption before the next true bull rally. We all get more time to accumulate before the next wave of adoption smacks bitcoin up to the next interstellar price floor.