Yesterday at 6:25AM when there was a bloodbath across crypto and stock market futures, I wrote:
“But in my opinion, this is not a time to be scared. This is a time to buy…. the USD sold off as everyone started suggesting the tariffs were just a negotiation tactic. Well, this weekend they became real and the dollar has soared. But it hasn’t taken out the new highs. My view is that if the dollar holds below the highs this week, the top is in. The tariff situation can’t get worse. I believe the dollar heads lower from here and continues lower for a while…This is not the week to get scared. I’m not. There’s blood in the streets and I’m buying.”
What happened the rest of the day? The tariffs got paused. The dollar continued to sell-off. Markets recovered.
Remember, history rhymes. Look at the USD from 2017:
Big rally into January 2017 when Trump was taking office and talking about tariffs. But that also marked the top for the year. The dollar declined throughout the rest of 2017. This is exactly what is happening again. The dollar rallied into January 2025 and in my opinion, continues lower the rest of the year.
Last week I wrote:
“Where exactly this bottom occurs is not clear, but I think after 2/8/2025, much earlier than the originally forecasted date of 3/18/2025, price will begin its next ROCKET move higher…Regardless, I think we have another 1-2 weeks of “poor” price action and then a massive move begins…”
I had no idea Trump was going to announce the tariffs and that would cause a market sell-off. I wrote that because of how price moves through time.
And I followed that post up with a post that said:
“But altcoins or sh*tcoins usually outperform once the ISM break above 50. That could very well occur with January’s release in early February….And if the ISM breaks above 50 and heads higher that will move folks out the risk curve.”
Well, the ISM is above 50.
The economy is growing. We just had a capitulation event in sh*tcoins. Crypto fear and greed is only at 45 while Bitcoin is hovering around $100k.
We still have some Time to work through as 2/8/25 is not until Saturday. But conditions are showing you that we are setting up for a massive move higher.
It’s about to get fun!
*Not financial advice, educational purposes only.