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The Taylor Report (7/13/21)
Frustration...Malaise...Summer is here...get used to the doldrums and hit the beach/lake/bedroom and relax...BITCOIN lost 4% (week on week) and is mired in the $30K-$35K area...trading volume is drying up and the media is looking elsewhere for "action"...good!
The Taylor Report (7/6/21)
The year's 3rd quarter has begun..........summer is well under way (except Australia...happy winter).........and markets are really slowing down...........BITCOIN has stabilized around $35K or a touch under........
The Taylor Report (6/29/21)
BITCOIN and ETH have bottomed...........GOLD is dead (I lowered it to neutral as noted above)..........BITCOIN is back above $35K AND back above the DJIA......ETH is back above $2IK.......and S&P 500 (yadda, yadda yadda) hits new highs (again)
The Taylor Report (6/22/21)
What's new? CHINA......first its Elon Musk and then here comes China.........China stomps its big foot and basically shuts down BITCOIN mining in China causing BITCOIN to plunge (down 25% week on week).........Panic hits the crypto market, BITCOIN trades under $30K.........ETH drops under $2,000 (off 30%+ week on week)
The Taylor Report (6/15/21)
Elon Musk changed his tune.....now comfortable with BITCOIN if mined "in a green way."...looks like he likes the $35K level, too.....Michael Saylor (MicroStrategy) floated a $500M bond to buy more BITCOIN.....filed for $1B secondary stock offering to.....you guessed it.....buy more BITCOIN
The Taylor Report (6/8/21)
KEEPING SCORE; SO FAR BITCOIN IS RESPONSIBLE FOR CLIMATE POLLUTION,MONEY LAUNDERING, CRIME, RANSOMWARE, COLLAPSE OF FINANCIAL STABILITY, MARRIAGE/RELATIONSHIP PROBLEMS (OK, that's mine)....whatever.
The Taylor Report (6/1/21)
What's New? FUD (fear, uncertainty, doubt).............Stabilization over the Memorial Day long weekend.....End of Month (May) came and now it's June....BITCOIN had one of its worst months ever dropping +/- 35%..........ETH held pretty well, only off less than 10% for all of May
The Taylor Report (5/25/21)
Chaos......Confusion......Uncertainty. Countries, individuals and "never Bitcoiners" have all teamed up to drive (a/k/a manipulate) BITCOIN (and cryptos in general) down and have done a good job (so far).......BITCOIN touched $30K, ETH traded under $2K and other coins sank as well...........China verbally assaulting BITCOIN miners and traders (again)
The Taylor Report (5/18/21)
What's New? Glad you asked. LOTS & LOTS! First off, the BITCOIN, ETH and crypto market turned into the "Elon Musk Wheel of Non-Fortune Show"............BTC dropped 22%, ETH 17% and HODL's got blindsided..........GOLD perked up as money flowed out of Bitcoin...
The Taylor Report (5/11/21)
What's New? First.......I have moved both BITCOIN and GOLD back up to the BULLISH corner to join ETH. All are acting extraordinarily well and look ready to resume/build on existing upward momentum.