gavinshear

gavinshear

Conservative estimates at $100k Bitcoin is going through some 'growing pains'

gavinshear

When the US sells dollars and buys bitcoin, the market rises. When they can't sell dollars because of interest rate concerns, they sell gold. Dollar index is inversely leading the S&P by about 3-5 minutes and reacting to downward pressure quickly.

gavinshear Updated 

Getting higher and higher. What 50% drop?

gavinshear

I think there are unlimited dollars to sell. So long as the FED keeps printing, and three is gold being mined, the markets are easy to prop up. Notice on the 1min time scale that every time the S&P drops, the accelerator is pressed, usually by devaluing the dollar but depending on interest rate pressures, also selling gold. This market bubble is simply a...

gavinshear Updated 

US dollar index is rising overnight. S&P was rejected at 3800 and on the way down since, futures see m to confirm the trend. VVX has been looking for a bottom, while stock squeezes in GME and AMC could catalyze further volatility. Large scale rotation out of tech stocks will add to the volatility, especially if the recent uptick was a bull trap....

gavinshear

You can't eat gold, and it's heavy to carry around. Much of it is filled with tungsten.

gavinshear Updated 

Averaged up last week at $124 to ride the wave up to $420. Stop loss is trailing with huge variance expected on the way up.

gavinshear

Technical analysis. Look for a big move up for the dollar tomorrow.