Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has ToppedBrandt explained that historical data suggests that Bitcoin’s price has topped. He further alluded to an “exponential decay,” which he noted could be used to describe Bitcoin. Brandt’s exponential decay thesis is based on the fact that Bitcoin’s percentage gain has significantly reduced in every subsequent bull cycle. For context, Bitcoin, according to the cry...
This week is part two of our conversation about alternative investments. As I pointed out last week, this space has evolved into a distinct asset class of its own. I believe investors need to understand the good, the bad, and the ugly aspects of investing in alternatives.The Strategic Investment Conference is going very well. I am thoroughly delighted with the speakers so far. The feedback has been great. I will be covering some of the highlights of the conference in future letters but can only skim the surface. Serious investors (you are one, aren’t you?) should read the transcripts or view videos when the conference is over. As weR...
For months, the press would not shut up about “the halvening“. They couldn’t tell precisely what date it would be, but it was slated for sometime in April, and the occurrence was supposed to do all kinds of amazing things for the price of Bitcoin. Well, the big event was April 19th, and as you can see, it meant dick. All i can say is that if BTC gets below $59,500, look out below.More By This Author:Mind The Gap The Quintet Bet Tech Stocks Surge, Leaving Some Behind...
A subtle bearish trend emerges in the USD/CAD weekly forecast as the dollar relinquishes its strong position amid the slowdown in the US economy. Ups and downs of USD/CAD The USD/CAD pair had a bearish week characterized by dollar weakness. Several economic reports from the US pointed to a slowdown in the economy that weighed on the dollar. Notably, business activity fell in April, showing the impact of higher interest rates. Similarly, the economy grew at a smaller-than-expected 1.6% rate in the first quarter. Although this was a welcome relief for the Fed, inflation remained high, leading to a drop in rate cut expectations. Next week’...
Last week, we noted that a short-term stock rally was likely after the 5.5% selloff from the recent peak. To wit: “While it took longer than expected, that correction process arrived last week and continued earnestly, with the market falling to the 100-DMA. With the market short-term oversold, a reflexive rally in the next week is likely, with the 50-DMA being notable resistance. Investors should use any market rally toward 5100 to rebalance risk and hedge portfolios.“ On Friday, following blowout earnings from Google and Microsoft, the market did just by challenging the intersection of the 20- and 50-DMA. With the market not overbought y...
The Comex report last month showed a lot of strength in gold which directly preceded a massive up move for the price of gold. The data is looking similar in silver this month!The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more details on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).The data below looks at contract delivery where the ownership of physical metal changes hands within CME vaults. It also shows data that deta...
Today you will see AUDUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for AUDUSD. What to expect where the price will breakout for the AUDUSD based on the supply and demand zones.Video Length: 00:04:07 More By This Author:Crude Oil Trading Strategy Today US Dollar Index: USDX Dollar Forecast Palladium Trading Analysis | XPDUSD Strategy And Forecast...
GBP/JPY touched chart territory above 197.00 for the first time since September of 2008 as markets meet the Bank of Japan (BoJ) head-on and batter the Yen into decades-long lows. The BoJ maintained its hyper-easy monetary policy, prompting a broad-market Yen selloff. The Japanese central bank will resume large-scale Japanese government bond purchasing, and BoJ Governor Kazuo Ueda paid lip service with little action on Yen exchange rates, inflation, and interest rate forward guidance in a broadly disappointing BoJ showing.Coming up next week, a light economic calendar from the UK, and an update on Japan’s Retail Sales figures slated fo...
The EUR/JPY rallies toward the 169.00 figure yet remains shy of breaching it as risk appetite improves, as Wall Street depicts. At the time of writing, the cross-pair trades at 168.89 and is up by 1.12%. EUR/JPY Price Analysis: Technical outlookThe daily chart depicts the EUR/JPY as upward biased, even though the rally has overextended. The Relative Strength Index (RSI) is at 76.00, usually seen as overbought, but due to the strength of the uptrend, the 80.00 level is seen as the most extreme condition.If buyers reclaim the 169.00, the next supply zone would be the July 2008 high of 169.97. Once those two levels are cleared, the next sup...
A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living. Real Income and spending data from the BEA, chart by MishThis is a follow-up with a couple new charts to my post on Friday, Personal Spending Jumps More than Income in March Income Minus Spending Chart Notes Real means after inflation. DPI means disposable Personal Income after taxes. Only twice in the last 10 months has growth in real income been greater than growth in real spending. Personal Income Four Ways Understanding Personal Income The difference between PI (red) and DPI (blue) is taxes, just over ...