Next Stop $25K Bitcoin
WARNING!!!!
Chart may induce seizures
I have some serious chart shame about this one but IDC my point is still valid (I moved my magic bold white line)
I think I'm calling it, Bitcoin bear over. as soon as the weekly moving averages started trending up @ the yellow arrows, despite all of what's going on in the world I turned bullish. I'm scared.
Feelings check:
-70%/30% lows are in. (in bitcoin)
-50/50 we retest lows again similar to 2015 (even if spx makes new lows Bitcoin will hold the door)
One more US rate hike to come
30% chance we see a 2000/ 2008 type bear market. I will be selling 25K no matter what
80% chance we don't see Oversold US Oil as an indication of market bottom like other bear markets due to huge supply issues (Even though the demand destruction is huge) this will likely lead to higher inflation for longer and the FED will be forced to admit defeat with the interest rate hikes because of the_________ breaking.
Chart may induce seizures
I have some serious chart shame about this one but IDC my point is still valid (I moved my magic bold white line)
I think I'm calling it, Bitcoin bear over. as soon as the weekly moving averages started trending up @ the yellow arrows, despite all of what's going on in the world I turned bullish. I'm scared.
Feelings check:
-70%/30% lows are in. (in bitcoin)
-50/50 we retest lows again similar to 2015 (even if spx makes new lows Bitcoin will hold the door)
One more US rate hike to come
30% chance we see a 2000/ 2008 type bear market. I will be selling 25K no matter what
80% chance we don't see Oversold US Oil as an indication of market bottom like other bear markets due to huge supply issues (Even though the demand destruction is huge) this will likely lead to higher inflation for longer and the FED will be forced to admit defeat with the interest rate hikes because of the_________ breaking.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.