Bitcoin, the Stock Market and Bush 41.
In this weekend report, I look at the technical picture for bitcoin, the dow, the S & P and the Nasdaq composite. I also look at the death of George H.W. Bush and my view on his legacy and what he represented.
I note that if one looks back at the history of the bitcoin price the present 80% plus correction is not a first as back in late 2013 when bitcoin topped just above $1100 we actually saw it also drop 80% plus and bottom just below in 2015.
As for the stock market, I look at the technicals and note that in my opinion momentum is still not great for stocks and that the correction lower is probably nowhere close to being done.
To conclude my report I talk about an interesting personal experience that linked me and my family indirectly to former President Geogr H.W. Bush.
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EOS: gmytknjugyge
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWbz3y
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I do owe bitcoin and will continue to drip feed in I’ve no idea how low it will drop but when it does go on it’s next bull run I believe it will surpass its previous high but again I wouldn’t know when. Thanks mike