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Crypto heading higher
Created on: 12/18/2021 2:14:45 PM   Last Update: 12/18/2021 2:15:49 PM Posted by: RTT

crypto-heading-higherThe end of the year is here. Central banks have made their moves, big money is looking for the next 100% move and Crypto looks like it has higher highs in store.

The 2021 world wide interest rate changes are minimal, and the negative yield (interest rate less head line inflation) is deep therefore the cost of capital remains very low. The oil price peak suggests inflation will soon peak and roll over. Wages are slowing creeping higher but do not hurt yet. Chinese credit impulse (Chart 3) has bottomed and looking to turn up. The first 6 months of 2022 looks great for higher risk on assets. 

The recent 7 month consolidation of Crypto has allowed many who missed the break out from the March 2020 lows to accumulate and soon higher highs will reward those who held on.



Chart 1 - Bitcoin loves to bounce off the green channel lines.


BTC






Chart 2 - Ethereum has been holding well to the blue channel lines.



ETH




Chart 3 - Chinese Credit Impulse looking to turn up


China credit impulse




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Investing Quote...

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Ayn Rand

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Margaret Thatcher

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Ayn Rand

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Benjamin Franklin




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