DrJLT

DrJLT

As charted. The bubble burst is coming. Quos Deus vult perdere, prius dementat

DrJLT

This is clearly not a serious company. It has been run so poorly that all its business activities consist of speculating on bitcoin. When bitcoin drops, this company (since it's borrowed money to buy bitcoin) can have negative equity. I hope it doesn't turn out that some of its executives have been pumping their own books.

DrJLT

As charted. I've recorded my thoughts on USD & the Fed's QE Infinity on my new YT channel. You can find it by searching DrJLT Economics on YT.

DrJLT

As charted

DrJLT

As charted. BTC ~ USD, backed by air

DrJLT

As charted. After bearish engulfing candle at ATH, some correction is expected to 12200. Whether this is the mid/long-term top needs to be validated in the coming weeks.

DrJLT

There's little doubt that the market is kept afloat by money printing. There're a couple of issues, however, in the medium term: 1. As you print more money to keep the bubble growing, it takes more money printing to sustain. 2. As you continue to accelerate money printing, the fundamentals start to turn from bad to worse. While the media have successfully kept...

DrJLT

As charted, mid-term could possibly reverse quickly

DrJLT

As charted. If confirmed by a downward penetration of $20 (with a retest after bouncing off the 50D SMA), the first target is $15.

DrJLT

As charted. No explanation. Target $550-600, March - April 2020.

DrJLT

It's widely known among Bitcoin users / hodlers / supporters / speculators that a big part of Bitcoin's appeal comes from the application of the poorly formulated "modern monetary theory", not only by central banks, but also by voters demanding free money. This is IMHO a dangerous idea, even though I'm more of a Keynesian: Just because governments control the...

DrJLT

In fact, the economic fundamentals across the world is heading south for the rest of 2020 and likely 2021 and would possibly only improve in 2022 at the soonest. The idea that a speculative "asset" could post new highs is an uncompelling proposition. Having said that, the stock market in the US has gone crazy, courtesy of the Fed. Some of the hot money may flow...

DrJLT

Long-term trend doesn't look good. Macro is poor. Monetary policy & fiscal policy irresponsible. 85 seems a possible mid-term target, possibly by 2021.

DrJLT

With the amount of money pumped into the market and the fast disappearance of investment opportunities elsewhere, it is hard to see the US stock market cool down. Still, NASDAQ is entering into All-Time-High territory with 10000 psychological resistance ahead. Bearish divergence can be observed, too. Some kind of pull back is likely, though 8800 is possibly going...

DrJLT

As charted

DrJLT

While the public seems to lack faith in the euro and European economy, there's a strong psychological support at around 1.05. I see a possible rounding bottom reversal with high volatility in the short-term (could reach as low as 1.05) but reduced volatility in the medium-term.

DrJLT

Just a guess based on the patterns that have yet to complete.

DrJLT

It appears that a retest of the support at 8250 is likely in the coming days. The question would be whether the support of 7650-8250 is enough to absorb the momentum. On the fundamental level, if virtually unlimited amount of money is injected to the stock market share prices should go up. This makes me think that trillions more will likely be injected later this month.