BITCOIN: Nowhere near capitulation
It's perhaps a consequence of the hODL mentality but the fact is, we are nowhere near capitulation on the bitcoin price.
My feeling had been that we'd get down to the 200 DMA at about 7700-8000 range but that looks unlikely to hold with that sort of descending volume.
Same sort of HODL pattern is seen in most coins.
How low will bitcoin go? $4500?
Bearing in mind that I'm not a technical analyst, are you seeing anything to contradict my attempt here?
[Signed, Stacy]
My guess is $3000
Everything is right on track.
https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/
steem hodlin surprisingly well.
This is not only a crypto currency problem. Basically everything is plungeing at the moment, bonds, the USD, metals, cryptos, even stocks a little.
This is not normal, and reason for concern.
The two TAs I've been following have both been calling the floor at $7500 area. I think there's going to be a lot of kicking and screaming, but the sooner we find the floor,the sooner we can hit that $25000 level.
My first time upvoting the Keiser Report felt so good!
It is an honour and a privilege to comment.
Many thanks Stacy and Max for all the years of great shows!
Just watched E1183 Plan B, great as always. You don't need no Billy Bob!
Max Keiser is so underrated as a humorist...
He's like the politically incorrect version of Jon Stewart
A hero to the masses
Still going to HODL my BTC. I have to say the interviews from Miami this past week or so have been by far the best if seen over the yrs. keep up the good work and let’s hope Stacey’s Gold. Keeps climbing
Don't think we'll see anything near $4500. Too many buyers will come in at higher prices. Regardless, the lower it goes, the more desire I'll have to buy.
Its never been anything but another fiat Ponzi scheme, sucking up phony fiat.
I would gladly scarf up every bitcoin on the planet for 4,5k a pop!
If I was the Federal Reserve and had a printing press, of course.
Let's hope you're right Stacey!