My most recent interview with @michael_saylor is now live! In this interview, we go the unorthodox route, speaking on Bitcoin Threats, Tether, Ethereum, Inflation & even UFO's.
I took a lot out of this interview and hope you do too! #Bitcoin#BTC
https://t.co/7ayygmUexj
The lockdowns from massive #Covid cases in China (demand drop) will alone make up for the #Russian oil not bought (even though it will be sold anyways). Add in the demand drop from the rest of the world's citizens and oil is headed to the $80s by summer, maybe lower.
"Merry-go-round Insanity"....watch this interview folks, it gets into some serious hardcore talk and analysis on #Bitcoin#Crypto#StockMarket#FederalReserve and more. Check it out!
Likely 3 month probability forecast on #Bitcoin price action based on bearish megaphone pattern, still holding valid head/shoulder breakdown. It is negated if price confirms above $50k, til then, this is the likely outcome. #Ethereum#NFT#Crypto#TechnicalAnalysis $BTC $DOT $BNB
One of my favorite chart setups. 1. Hitting pre-covid valuation before it became a household name during the pandemic. 2. Into major technical support. 3. Investors all dumping/extreme bearish sentiment. Has the makings of a snap back. May break $100 briefly, but upside $150 imo.
In 2008, Goldman Sachs upgraded #oil to $200/bbl. Oil fell to $35/bbl as the Great Recession hit. Recently, many analysts and emotional investors have said $200/bbl. Once again, they are not factoring Fed tightening, global economic slowdown. 18 month price target, $45/bbl.
Me waving goodbye to #oil as it collapses and watching the emotional investors/traders delete their tweet responses below calling for $200 or saying there is no way the chart is going to be correct. Bitcoin $69k on repeat. LOLOLOL #OneDayTheyWillLearn probabilities and charts.
Same type people who were calling for #Bitcoin to hit 100k by the end of Nov 2021 (when it was above $68k in early Nov 2021) are the same ones calling for $200 #CrudeOil. By type people I mean EMOTIONAL type people. Instead, look at the charts and base decisions off probabilities
Market Irrationality: Russia exports 5 million barrels of #oil/day. Global production is around 100 million barrels per day. Oil price goes from $95 to $120. Risk of a 5% reduction in oil supply causes 26% increase in price. Demand destruction occurring from the price pop as well
Certain tech names starting to show some green. $RBLX, $FSLY $ZM, $TDOC, even $SQ (while still red) is almost 10% off the lows. $QQQ are down big because finally big cap tech is coming in. This needs to happen for a near-term bottom. Getting closer.
Obviously, Putin had made up his mind. But many of the OPEC nations abstained from even voting to condemn it. Just adds more fuel to the fire for EU to become more energy independent.
#OPEC will regret not pushing Russia to avoid invasion. Like politicians, they focused too much on the short-term, not seeing big picture. Spike in #oil & reliance on another country/group will cause massive shift, each country rushing to energy independence. #Nuclear, #altEnergy