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Appreciate the response, Your comment about crypto being dumped...

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bangetron

229 Posts.

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31/03/18

00:49

Post #: 32147212
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Originally posted by mouse ↑

I think we are at the tail end of the bull market.. My indicators:

1: volatility is pretty ripe, US stock majors continue to make lower lows = cash going out

2: US bonds being bought up like they are the last bonds to be issued, Gold price pushing up = safety play

3: Crypto being dumped before the head lines of social media add banning = Think of Crypto as a spec stock, spec stocks do well in a bull market cos everyone takes on more risk. The reverse is also true

Ask 100 people and get 100 different answers

My family back in the ol Country always said to me "Lucky country Aoustrila" in the accent.. We really are.. Gold, lithium, Fe, Ni , Co , Cu , rear earths you name it we mine it. in short, there will always be a trade once the dust settles.

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Appreciate the response,

Your comment about crypto being dumped lead to me having a look at the movements of bitcoin:USD and it seems to me that in the past few months, it closely resembles the movements of the stock market (with the swings being a lot less significant ofc, however still proportional).
I wonder if it can be used as a 24/7 indicator resembling the market in the future (just a thought).
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0 Great analysis

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