Blog — macro economics

Bitcoin shot past 20k on its 3rd attempt at 20k and is currently trading a little shy of 24k. Fib retracement shows that 24k is one resistance level followed by the next resistance at 30k. YouTubers are divided on where the correction is going to take place. Traders like Alessio has price targets up to 24k (taken profits?)  and is waiting for it to correct while other youtubers are staying on to 30k.  Overall: watch out at 24k & 30k Some youtubers have taken profits already and are lining new buy orders at 20k (test psyc support) Alts are getting hit badly (Currently on sale)...

Here's the crypto roundup for today Datadash -BTC is volatile -Alts are taking a beating -Those who got in at 2017 are planning on selling their BTC to break even as BTC gets closer to 20k -Intuitions are getting ready for next macro cycle (Negative interest rates, bail ins & inflation) ---> People are moving to crypto for a better place to store their value Satoshi Stacker -  Ethereum is ready to launch -ETH is at Same price as Oct 2017 price.  -ETH has historically outperformed BTC during bull markets. but also dropped more during bear markets -Defi search traffic on...

Since rising from the shadows of 2008 recession, the US market has been green for over 10 years. March 2020 market shock gave everyone the reality that nothing good lasts forever. With a pandemic happening and unemployment skyrocketing, the big question is when will the music stops?   To understand why a recession is coming, we need to know the why behind it. The infographic of the week provides major reason why the market may be set for a correction. While the market may look fine (Early May 2020), there are some major underlying issues in the econommny that may not have been factored into...

Not all industries are the same, some will fare better than others in the wake of a recession. Which sectors are most vulnerable in a recession, which industries are more resistant and some may even thrive in a recession? This week's infographics shows a simplified cause of a recession and which industries will be affected.