Here we are folks. It is getting nitty and gritty with the price trend riding the lower trend line. Will we break through and confirm recent lows with a double bottom? That may be the best thing for this market to get the buyers rockn and rolling again. Everyone is waiting for the others to go first. When this starts to move, watch out.
I would like to see this drop sharply and rebound twice as fast. Only time will tell. Anything on my blog is just opinion. Do your own analysis and good luck to us all. Godspeed and let it rip!
ps.
The dollar is primed for a crash. I would not be surprised to see the bankruptcy president take two or three zeroes off our currency and then back it with gold. That would align with his business experience perfectly. Go bankrupt, degrade the value of the dollar and the burden of foreign debt and the burden of social programs. That may be what he is starting with trade tariffs. He is setting up China to take the fall for forcing his move. He could be just setting up the stage to get back what is ours because of unfair trade practices. We do not know how this scenario would affect crypto. I think it would be very bullish for crypto and for gold. It would be brutal for the American people in the short run. There would be social unrest if the rich were not brought down too. It could be a good move if he brought the rich down with the rest of us. What do you think. Would it be a smart move by POTUS?