lordhavemercy1337

lordhavemercy1337

btcusd/money supply - still ~30% away from its previous ATH: m2 expanded by ~25% within 2020. something like this never happened before.

lordhavemercy1337

since it's inception bitcoin's price action outferpormed every other asset: this will continue!

lordhavemercy1337

as long bitcoin does not go way lower, it remains bullish. = if we do not go down, we will go up. :D GL & HF

lordhavemercy1337

very interesting setup: if this plays out 2021 will be extremly bullish for equities and crypto. dxy looks very weak and the eur broke its long term downtrend.

lordhavemercy1337

disclaimer: i am verty bullish on bitcoin and crypto in general. but: we saw a crazy rally the last weeks and tho fomo in the markets is insane. i think that btc may face a sharp pullback (~20-35%) soon. this may be a good opportunity for buying. fear and greed index is still at 'extreme greed'

lordhavemercy1337

Macro setup

lordhavemercy1337

trouble in the markets....

lordhavemercy1337

yes

lordhavemercy1337 Updated 

Double top or bullish continuation? im leaning towards the bearish case because the overall economy except of the us stock market is in a recession already. we have a bearish rsi divergence on the daily like in q1 2020 and a similar setup too (double top, in q1 the div was more significant). we saw lots of inlaftion with rising markets. if the pendulum changes...

lordhavemercy1337

i think we will see a correction in the next few weeks

lordhavemercy1337

wassuo

lordhavemercy1337

micro and macro structure of the chart point towards bearish continuation

lordhavemercy1337 Updated 

things are gonna get ugly

lordhavemercy1337

u understan?

lordhavemercy1337

u understan?

lordhavemercy1337

yo noobs

lordhavemercy1337

btc/usd vs dxy/btcusd , two different pictures. if one adds the the factor of the weak usd, the downtrends appears still intact.

lordhavemercy1337

im expecting a recession/bear market in the near future -> in this time i will hold euros, not the inflated usd