The headlines don't matter until they do. Certain events can change the direction of markets.
The fed announcement of rate hikes late 2021 was one.
The President starting trade wars and talking about being willing to go into a recession could easily be another.
#Bitcoin's forecast model is at exactly 50%, meaning it currently sees equal likelihood of upside vs. downside looking forward 6 months.
Feels about right given the massive uncertainty everywhere right now.
Seems like a lot of people are saying this is an easy buy the dip opportunity for #Bitcoin. I'm not so sure.
Long-term risk is still well above deep value territory. Add to that the escalating trade wars and I think it's likely we've got more pain coming.
Extreme events shift how you interpret #Bitcoin risk. Full on bull market with clear skies ahead? A bit below neutral risk is a buy.
Multiple trade wars that risk higher inflation and recession? Not so much.
Unless this all ends quickly I think we see a lot more pain.
You know how I kept saying that I think the #Crypto bull market is still on unless something crazy and disastrous happens?
Welp, if these trade wars don't end quickly they sure seem to fit the bill.
Looking forward to streaming with @TheGaussianSnek tomorrow (1/26) at 2pm PST/5pm EST! Will be a great conversation about #Bitcoin, #Ethereum and more.
Reminder that Mark (@upsidedowndata) from Polarity Digital Pro and I will be streaming live tomorrow - Sunday, January 26 at 2:00 PST. We moved the time behind by two hours from the previous announcement, so please take note.
https://t.co/rCK2DqiHqD
Reminder that Mark (@upsidedowndata) from Polarity Digital Pro and I will be streaming live tomorrow - Sunday, January 26 at 2:00 PST. We moved the time behind by two hours from the previous announcement, so please take note.
https://t.co/rCK2DqiHqD
$LINK's long-term risk continues to fall quickly even with this recent bounce in price. Exactly what we want to see.
Patience has been rewarded in the past with #Chainlink. Something tells me it will be again.
#Bitcoin's Momentum Bias Indicator (MBI) is bouncing perfectly off of zero. Still very much bull market behavior here.
CT all saying the top is in. The data disagree.
My feed: Arguing endlessly about whether $TRUMP marks the top of the cycle and it's all over for #Bitcoin and #Crypto.
Me: Sitting back and following the data. Our Market Cycle Model is still bullish. I'm still bullish. Simple as that.