Macro Analysis | Bitcoin, Stocks, Gold & Silver

Maybe time to start listening to headlines…

Hi Nicholas and thanks for the updates amd info.
One rhing I am curious about is what seems to be a stagnant Alt coin market in the face of a bullish BTC. What are your thoughts?

It's not a market at this time, crypto, it's a shitshow. Nobody knows any price. What you see with your TA, apart from tits & ass, is the algos which run the horseshitshow. You are not watching a real market doing Fibonaccis 'n shit, you are watching the manipulation via algos.

I'm taking profits on my Bitcoin ever since it hit 5300 usd. and i'm planning to buy back once it reaches 4200 usd. I'm holding my Ethereum which i bought in december in case i'm wrong.

I have been listening to the gold and silver mantra for 10 years and it still sucks.

I think it’s more likely the government and central banks start to buy stocks than anything. What else are they going to do? The worlds debts are higher than the wealths. So I think that’s what they are going to do to fix that issue. Do I think that’s the right thing to do? No! But that should be the earliest way to come out of this situation. I would like to hear some input from others on what my thoughts.

Dude… Nick, how are you not a Brave verified publisher by now??? Come on, get on it so we can tip you some BAT!!!!

NVT needs to be recalculated as per the creator of the indicator. Also because lightning network is not counted in the NVT it does not show the whole picture. It is possible that if factored in, the lightning network use would put the NVT in healthy levels.

Long time stock market trader here who has dabbled in crypto. Definitely enjoyed your take on the upcoming FOMC. On the topic of crypto, do you or anyone else know of an actual good tutorial vid for Binance exchange? Assuming that is the best, please correct if not. I’ve messed with Coinbase Pro but it’s of course limited to certain coins. Awesome TA and crypto content. Thanks in advance.

Nick, don't underestimate the power of FOMO.

Hey Nick! Can we get a DataDash t-shirt? I would love to support you with some merch.

Really enjoying the macro analysis !

Where is TA? What are you talking?
We know when you need to buy there is a seller. The sky is blue the water is wet…lol?

So basically, the OTC market has been suppressing price for the last 1.5 years…

It seems that everyone, and their grandmothers, expects strong resistance at 6K. People are buying anyway. I don't see why there would necessarily be such a sharp rejection at 6K. If everyone thought it was going to blast through 6K, then I would find a sharp rejection more likely. People panic when their irrational exuberance doesn't pan out. However, as 6K resistance is the overwhelming consensus, isn't that already priced in? Why would it not spend time retesting 6K, with minor dips each time it is rejected, until it finally breaks through?

The next recession will be caused by defaulting of corporate bond interest payments. The Fed will be bailing out the companies by buying their bond debt, probably not their stocks.. I think a Fed bond bailout will automatically trigger institutional investors buying up the stocks… if you have the government backing your company, it’s basically a guarantee of not falling to zero…

Is that NVT chart on trading view? I know there's a version of it on Willy's website but I can't seem to find the right one on TV

mkay https://youtu.be/glNGSx7QbsU?t=633

Thoughts on BAT moving forward?

silver is not interesting until 2022 imo. the bet being trump follows through on the Q plan,.

From someone that works with silver on a daily basis in a tech company I can tell you – silver is freakin awesome. I know that it sounds like a sure bet – but in the next 5 years it's gonna leap.

GOOD

Nick, gold and silver is manipulated by the big banks and by futures settled in US dollars. When you have unlimited amounts of dollars to dump in after hours trading. Technical Analysis doesnt matter. I watched BrotherjohnF from 2010 to 2017 perform TA. Even he gave up and said the banks won and disapeared. Many large banks have already been busted for silver price manipulation. There is recorded phone calls of them joking while when setting the spot price. I lost my appetite in buying these. Crypto is much better, at least for now.

Platinum is the metal to move into now imo.

There's no such a thing like diagonal support and resistance.

Awesome macro view on the state of the markets. I tend to be on the same page as you vis a vis BTC, although I personally don't think 6k is in the cards anytime soon.

I hope usual dump will follow this video

Love the macro overview vids Nick, keep em coming!

I'm holding 20% of my portfolio in USDC and 20% in newly bought BTC. Selling BTC by May 1st or at $6000 (whichever comes first). When NVT breaks and market drops. It tends to be around 35% +/- drop. Then ill buy up all BTC I can.

If all goes to plan ill be 50% in BTC by June

Great video, thank you very much! ???

Have a look at SNTVT you will not regret it
https://youtu.be/e5X0UVhYqCE

Good video. Very smooth and calm

@datadash didn't even mention 200 and 50 MA crossing?

Great stuff as usual, Nicholas!
What effect, if any, do you think that crypto YouTube channels have on market sentiment?

Thanks brother I appreciate your video..

Everyone expects resistance at 6,000, which totally makes sense but also makes me a little suspicious because when everyone expects something the market usually does something else. Short at 6k just feels too predictable…

You make great content, it could be great if you do a video about XRP. It is an important asset in the space, I am sure everybody would like to hear your thoughts on that. Thanks Nick