Grayscale Bitcoin ETN GBTC had a pocket pivot on Wednesday, then today, gold had a substantial upside reversal pocket pivot. The Fed has no choice but to continue printing despite Fed Chairperson Powell's somewhat hawkish tone about Wednesday's rate cut not being the start of a long string of rate cuts.
We have suggested buying both bitcoin and gold a number of times this year based on logical entry points. Bitcoin has been called digital gold. Both are useful against depreciating fiat currencies as central banks print money at record levels.
Pocket Pivot Review - Twin Fear Trades
| Published: | 1 Aug 2019 17:29 ET |
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