We’re in unprecedented times! Not only are we facing a financial crisis that could* rival the Great Depression but we are also facing a global safety crisis not seen since World War 2. It would seem that the Covid-19 Coronavirus has been the pin to pop the great financial bubble we’ve seen endlessly inflating in global markets, and things don’t look great.
The virus has of course caused billions of people to “socially distance” themselves in an effort to “flatten the curve“, which means that we will be recording our Market Analysis series via Skype for the foreseeable future.
In this week’s edition, which is proudly sponsored by global trading leaders Huobi, we start by having a good look at the S&P500 in the USA, and get some clarity as to why we’re likely to head into a depression. We then look deeply into Bitcoin, and see the potential of crypto decoupling from traditional market movements.
We then analyse the short term prospects for Bitcoin after a great recovery in the last 24 hours.
Watch it on YouTube below…
HERE IS THE AUDIO OF THE ANALYSIS:
You can also find it on our Podcast page using one of the below links to your favourite platform:
SPOTIFY (James’ personal favourite, even with an iPhone!)
ANCHOR (The host service)
*We don’t intend to be fear-mongers, and most certainly aren’t “guaranteeing” a “depression”, but the probability is that world markets will likely fall into what is classified as a depression based on how the technicals look on global charts. We do believe that society will come out the other side of any financial crisis we are heading into in a better state than before. It’s what humans are good at.
DISCLAIMER:
Global Crypto is not a registered financial advisory, and the information provided on this website and its subsidiaries is for entertainment & informational purposes only. Each reader is responsible for their own financial decisions, and Global Crypto cannot be held responsible for any decisions made by its readers and users. Global Crypto encourages all readers to consult a professional and registered financial advisor before making any financial decisions.
Image by Gerd Altmann from Pixabay
