The significance of golds increase was likely pricing in the severity of what’s already happening and could be coming.
By the time it’s in the headlines, those chasing a safe haven are taking it off those who prop up the asset beforehand. As always, the charts tell the truth, the media gives the aftermath. This tells us what is happening now geopolitically is not a random event.
The question as always is who knew the news?
This brings me to my next point…
If this is possibly the buy the rumour sell the news…
And Bitcoin begins to carve a detachment from what is currently happening, isolating itself from the current events…
Where does that leave Bitcoin?
It’s already down -50%, it’s been pricing in something…
Do ya see my point?
Where does the money flow next?
The next move may happen before the headlines catch up.
Iran just took it to the next level, this is where retail panic spreads and gold that’s already moved is chased, but it’s already done a good chunk of the move, how much more pricing in is needed?
The war now edges closer to becoming more monetary oriented.
Another digital ‘safe haven’ may need a repricing, as long as the power grid remains in tact of course. Then again, maybe one side having their mining capabilities crippled in retaliation doesn’t negatively impact the price.
Don’t chase what’s already moved. Look at what still hasn’t.
Just some thoughts on this fine Sunday afternoon.
4 years I ran my account @KingDoggyWog until today it was banned for “inauthentic account”. I’ve given some crazy gains over the years, this just off the top of my head
$TST 250k-500 Mill on BSC https://t.co/fRCKqybyd2
$TREMP 380k - 191m https://t.co/4lSvNg0nzo
$FARM 40k-10Mill https://t.co/WjHMNfEgxh
$SPOOKY 10k-20mill https://t.co/AlzEgpVVQI
$BRETT 60k-20mill https://t.co/yQOfNKwZEG
$MEGA 119k-36m https://t.co/tl1yPbaJ3e
And many many more, Gutted about my X being banned, so if you could drop a follow to my new X account @KingDoggyWogg , I’d appreciate it.