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The global recession has begun.
anonymous poll
Yes, I agree! – 290
👍👍👍👍👍👍👍 81%
No, I disagree! – 69
👍👍 19%
👥 359 people voted so far.
anonymous poll
Yes, I agree! – 290
👍👍👍👍👍👍👍 81%
No, I disagree! – 69
👍👍 19%
👥 359 people voted so far.
“Stocks post the biggest rally since 2008.”
If you’re a little bit more into trading and investing, you probably came across this information.
Let me tell the real truth behind this “rally”.
It actually happened in the last 15 minutes before yesterday’s daily candlestick closure after Trump’s speech, where he demanded more Fed action in coronavirus response even after $1.5 trillion injections.
They injected 10 times of the Bitcoin market cap out of thin air and that’s why stocks went up.
But, artificial price moves will never be sustainable and because of the entire world lockdown, they’ll continue sinking.
I even said 3 days ago in this channel that there’s going to be bounce because I know what they’re up to.
But as I previously said, it’s not sustainable and there’s not an actual improvement in the current conditions and because of that, it will push stock prices even lower.
If you’re a little bit more into trading and investing, you probably came across this information.
Let me tell the real truth behind this “rally”.
It actually happened in the last 15 minutes before yesterday’s daily candlestick closure after Trump’s speech, where he demanded more Fed action in coronavirus response even after $1.5 trillion injections.
They injected 10 times of the Bitcoin market cap out of thin air and that’s why stocks went up.
But, artificial price moves will never be sustainable and because of the entire world lockdown, they’ll continue sinking.
I even said 3 days ago in this channel that there’s going to be bounce because I know what they’re up to.
But as I previously said, it’s not sustainable and there’s not an actual improvement in the current conditions and because of that, it will push stock prices even lower.
Apple to temporarily close all retail stores outside of China until March 27
Store closed = no profit = Fear, panic, bearish pressure in the market.
The trouble for stock market is yet to come.
https://www.businessinsider.com/apple-temporarily-close-all-stores-outside-china-coronavirus-spread-2020-3
Store closed = no profit = Fear, panic, bearish pressure in the market.
The trouble for stock market is yet to come.
https://www.businessinsider.com/apple-temporarily-close-all-stores-outside-china-coronavirus-spread-2020-3
US extends coronavirus travel ban to UK and Ireland
While markets are closed, bad news continue to happen and this is one that will cause new market volatility at the opening on Monday.
Expect big market gaps in traditional markets that can create fear and transfer it to crypto markets as well.
Also, Donald Trump got tested for COVID-19 and we can expect tests in a day or two. I can’t even imagine what kind of volatility would happen if the results would be positive.
https://www.aljazeera.com/news/2020/03/coronavirus-pandemic-worldwide-death-toll-surges-5000-200313233453162.html
While markets are closed, bad news continue to happen and this is one that will cause new market volatility at the opening on Monday.
Expect big market gaps in traditional markets that can create fear and transfer it to crypto markets as well.
Also, Donald Trump got tested for COVID-19 and we can expect tests in a day or two. I can’t even imagine what kind of volatility would happen if the results would be positive.
https://www.aljazeera.com/news/2020/03/coronavirus-pandemic-worldwide-death-toll-surges-5000-200313233453162.html
Is Bitcoin really a safe haven?
I got asked a lot in the last few days about Bitcoin’s future as a store of value. Is it really going to be a store of value one day, the way Gold is today?
Whatever I say, I have no crystal ball to see in the future. All I can share is my opinion.
Of course, the drop of 50% doesn’t look good at all and there’s a decent amount of people who are going to lose faith in Bitcoin.
The fact that price is currently at $5k area tells us that there are still a lot of people selling Bitcoin for one or another reason.
I’m not saying go all in, I also have some money in USD from Bitcoin that I sold at $7900.
This will have consequences for Bitcoin in the near future because haters will be reflecting back and quoting 50% drop all the time.
The fact is, Bitcoin is too small. It takes only a few people that had a bad day to cause volatility in the market. What happens when there’s fear and uncertainty not only in crypto but in the whole world?
We saw 3 days ago.
The fact is, when the whole world is in fear, everything drops. Check Gold in 2008 before and after the recession. It dropped together with all other assets but it was the one that recovered the fastest.
This is a big test for Bitcoin and the best we can do is to take a risk and wait.
One more time, the main factor is the strength of Bitcoin’s network.
I’m still amazed at how smart it is. After a drop of 50%, people expected that miners would simply shut down their machines and that would challenge the existence of Bitcoin.
Do you know what did happen?
Nothing!
We had a small drop in a hash rate that went up back and it’s at the level it was before the crash.
You may be wondering if miners are mining in loss?
No, they don’t.
Miners get 2 kinds of profit. Mining block reward and mining fees that we all pay to broadcast our transaction to the network.
Since mining block reward is quite low, what they did is that they increased fees so they keep the network running until the price goes up back and they get enough money from the mining block reward so they can decrease fees again.
So, instead of miners shutting down their machines, we as part of the Bitcoin network, in order to use it, we’ll have to pay higher fees. In my opinion, it’s fair since those fees are still pretty low compared to 2017’s peak when we were paying $20-30 just to confirm our transactions.
Because of all this, I’m still positive about Bitcoin since the recent fear in the market doesn’t endanger it’s existence and it’s working as good as it was before the market crash.
I got asked a lot in the last few days about Bitcoin’s future as a store of value. Is it really going to be a store of value one day, the way Gold is today?
Whatever I say, I have no crystal ball to see in the future. All I can share is my opinion.
Of course, the drop of 50% doesn’t look good at all and there’s a decent amount of people who are going to lose faith in Bitcoin.
The fact that price is currently at $5k area tells us that there are still a lot of people selling Bitcoin for one or another reason.
I’m not saying go all in, I also have some money in USD from Bitcoin that I sold at $7900.
This will have consequences for Bitcoin in the near future because haters will be reflecting back and quoting 50% drop all the time.
The fact is, Bitcoin is too small. It takes only a few people that had a bad day to cause volatility in the market. What happens when there’s fear and uncertainty not only in crypto but in the whole world?
We saw 3 days ago.
The fact is, when the whole world is in fear, everything drops. Check Gold in 2008 before and after the recession. It dropped together with all other assets but it was the one that recovered the fastest.
This is a big test for Bitcoin and the best we can do is to take a risk and wait.
One more time, the main factor is the strength of Bitcoin’s network.
I’m still amazed at how smart it is. After a drop of 50%, people expected that miners would simply shut down their machines and that would challenge the existence of Bitcoin.
Do you know what did happen?
Nothing!
We had a small drop in a hash rate that went up back and it’s at the level it was before the crash.
You may be wondering if miners are mining in loss?
No, they don’t.
Miners get 2 kinds of profit. Mining block reward and mining fees that we all pay to broadcast our transaction to the network.
Since mining block reward is quite low, what they did is that they increased fees so they keep the network running until the price goes up back and they get enough money from the mining block reward so they can decrease fees again.
So, instead of miners shutting down their machines, we as part of the Bitcoin network, in order to use it, we’ll have to pay higher fees. In my opinion, it’s fair since those fees are still pretty low compared to 2017’s peak when we were paying $20-30 just to confirm our transactions.
Because of all this, I’m still positive about Bitcoin since the recent fear in the market doesn’t endanger it’s existence and it’s working as good as it was before the market crash.
We’re starting getting positive feedback on our Premium Group.
Members are going through the guide they received and soon, we’re going to start with the weekly training sessions.
You can still get access to our premium channel at the discount price of $197.
If interested, DM @CryptoSignalsAdmin
Members are going through the guide they received and soon, we’re going to start with the weekly training sessions.
You can still get access to our premium channel at the discount price of $197.
If interested, DM @CryptoSignalsAdmin
We’re approaching weekly close with this nasty weekly candlestick and being honest, it’s very hard not to see Bitcoin in the green area next week.
The green area is monthly support at around $4500.
You have to understand that the current situation is a little bit different than the others we saw.
This time the problem will be there for quite some time and it’s hard to see everything to be back in normal in week or two.
Countries will stay closed even after the number of cases starts to drop.
But we’re still far away from that because more and more people are getting infected and at the time of writing, the total number of registered cases is at 164 000 with 6000 deaths.
The worst thing is that the trend is still exponential and growing every day more than the previous one.
For instance, we had a record in Italy yesterday with 3500+ new cases.
The green area is monthly support at around $4500.
You have to understand that the current situation is a little bit different than the others we saw.
This time the problem will be there for quite some time and it’s hard to see everything to be back in normal in week or two.
Countries will stay closed even after the number of cases starts to drop.
But we’re still far away from that because more and more people are getting infected and at the time of writing, the total number of registered cases is at 164 000 with 6000 deaths.
The worst thing is that the trend is still exponential and growing every day more than the previous one.
For instance, we had a record in Italy yesterday with 3500+ new cases.
In the upcoming weeks, there will be more lockdowns. In my opinion, Olimpic games are going to be in the best case postponed if not canceled.
If you don’t know, there are various pre-qualifying tournaments that are all canceled. Also, in order to perform at your highest level at Olimpic games, you need practice through other tournaments.
It's not public yet, but using my instinct and knowledge I have, in the best case, it will be postponed for autumn but with the current fear, I am not that optimistic and I think it will be fully canceled or postponed for 2021.
It's going to be the next big hit to the economy because you can't even imagine how much money was invested there.
If you don’t know, there are various pre-qualifying tournaments that are all canceled. Also, in order to perform at your highest level at Olimpic games, you need practice through other tournaments.
It's not public yet, but using my instinct and knowledge I have, in the best case, it will be postponed for autumn but with the current fear, I am not that optimistic and I think it will be fully canceled or postponed for 2021.
It's going to be the next big hit to the economy because you can't even imagine how much money was invested there.
If you still think coronavirus came from the Chinese food market, let me bring something to the table that may change your opinion.
Did you see headlines on some of the top news websites where politicians are calling that 60-70% of their country will get infected by coronavirus?
Firstly, it was in German where Angela Merkel said that between 60-70% of their nation will get coronavirus.
Then, today we get the same predictions from the UK where they are expecting 39 million people to get infected.
On Friday, Trump said that they are working on providing millions of tests for US people.
How do they know when in the US there are 3000 infected, in Germany 5600, in UK 1400?
They’re doing something that’s called mental programming. They put those numbers, so people get used to it, so we don’t freak out when it happens. They want to make it a reality we ‘have’ to accept.
In the US, average people spend 17% of every dollar on medical care. By 2025, it’s expected to see this percentage rising up to 25%.
It’s okay because companies are making money but only when it comes from people’s pockets, not from government’s pocket.
When you’re in a pension, you have everything paid and you can enjoy treatment hopefully for 15-20 years.
Because of this, the US ended up in huge pension debt that’s becoming a big problem and that’s not only the US but other countries as well.
This is so sad but in my, non-professional, opinion this is a depopulation method that targets older people.
It’s sad, it’s brutal but the only way to kill people and to act like you did all you could do.
When you send missiles at another country, you’re the one to be blamed and by doing that, you target all kinds of people from a baby to very old people.
Why not create a virus that targets the ones that we want, young people will be “safe”, we’re going to profit from selling drugs and pension debt will decrease?
This is my theory, please don’t judge me, I had to share this. If you think I was wrong or you agree with me, please send me DM to @CryptoSignalsAdmin and let me know your opinion.
Did you see headlines on some of the top news websites where politicians are calling that 60-70% of their country will get infected by coronavirus?
Firstly, it was in German where Angela Merkel said that between 60-70% of their nation will get coronavirus.
Then, today we get the same predictions from the UK where they are expecting 39 million people to get infected.
On Friday, Trump said that they are working on providing millions of tests for US people.
How do they know when in the US there are 3000 infected, in Germany 5600, in UK 1400?
They’re doing something that’s called mental programming. They put those numbers, so people get used to it, so we don’t freak out when it happens. They want to make it a reality we ‘have’ to accept.
In the US, average people spend 17% of every dollar on medical care. By 2025, it’s expected to see this percentage rising up to 25%.
It’s okay because companies are making money but only when it comes from people’s pockets, not from government’s pocket.
When you’re in a pension, you have everything paid and you can enjoy treatment hopefully for 15-20 years.
Because of this, the US ended up in huge pension debt that’s becoming a big problem and that’s not only the US but other countries as well.
This is so sad but in my, non-professional, opinion this is a depopulation method that targets older people.
It’s sad, it’s brutal but the only way to kill people and to act like you did all you could do.
When you send missiles at another country, you’re the one to be blamed and by doing that, you target all kinds of people from a baby to very old people.
Why not create a virus that targets the ones that we want, young people will be “safe”, we’re going to profit from selling drugs and pension debt will decrease?
This is my theory, please don’t judge me, I had to share this. If you think I was wrong or you agree with me, please send me DM to @CryptoSignalsAdmin and let me know your opinion.
Crypto Signals
If you still think coronavirus came from the Chinese food market, let me bring something to the table that may change your opinion. Did you see headlines on some of the top news websites where politicians are calling that 60-70% of their country will get…
As I said, it’s not only the US that has problem with aging population.
It’s all around us…
It’s all around us…
BREAKING NEWS
Federal Reserve slashes rates to zero
The Federal Reserve made an emergency announcement Sunday afternoon by announcing that it would be cutting interest rates to zero for the first time since the financial crisis.
https://finance.yahoo.com/news/federal-reserve-cuts-rates-to-zero-restarts-quantitative-easing-qe-210001968.html
Federal Reserve slashes rates to zero
The Federal Reserve made an emergency announcement Sunday afternoon by announcing that it would be cutting interest rates to zero for the first time since the financial crisis.
https://finance.yahoo.com/news/federal-reserve-cuts-rates-to-zero-restarts-quantitative-easing-qe-210001968.html
Gold opens with a gap as I expected and told you on Saturday.
Fed rates are currently at zero and the next cut would lead us into negative territory.
It’s a positive short term but extremely negative in a long term perspective.
I think this gap will be closed very soon (maybe even on today's daily candlestick)
Fed rates are currently at zero and the next cut would lead us into negative territory.
It’s a positive short term but extremely negative in a long term perspective.
I think this gap will be closed very soon (maybe even on today's daily candlestick)