BTC coming attcha... tell me if you see simularitys.
Updated
Again and again, traders trying to create a hype for relief ralley. it has worked the way all the time, but this time is different. very different.
if you listened to US congress hearings last weeks and months, you will know, what this crisis is all about we are whitnessing right now: the US-Dollar and its standings in the world in terms of reserve currency. Covid, Ukraine and several other circumstances are threatening every nation. Although those things weren't planned like many conspiracy theorist tell you, it is in no doubt imo, that big players in the market using this crisis to threaten USD extremely hard. And of course, EUR too.
Can the US-Dollar be knocked off the throne? I dont know... but what I am very convinced of is assets like BTC will face continously massive headwind. The terra luna case is one example for that, the fall of 3AC and other VC are other examples.
I will continue to short every opportunity the market gives. We are in bear market. As soon as bulls getting euphoric, thats the moment market makers will short this ponzi
if you listened to US congress hearings last weeks and months, you will know, what this crisis is all about we are whitnessing right now: the US-Dollar and its standings in the world in terms of reserve currency. Covid, Ukraine and several other circumstances are threatening every nation. Although those things weren't planned like many conspiracy theorist tell you, it is in no doubt imo, that big players in the market using this crisis to threaten USD extremely hard. And of course, EUR too.
Can the US-Dollar be knocked off the throne? I dont know... but what I am very convinced of is assets like BTC will face continously massive headwind. The terra luna case is one example for that, the fall of 3AC and other VC are other examples.
I will continue to short every opportunity the market gives. We are in bear market. As soon as bulls getting euphoric, thats the moment market makers will short this ponzi
Note
we had good job data in the US last week... personally I think this will lead to a very strong interest rate in near future, as FED now has everything on the table to act against inflation. markets currently are pricing in this effectsNote
the bear flag continues to develop. as we had a try to push to the lower on July 13th, we now consolidating at the upper band of the channel. So what can we expect frome here going on further? personally, the market signals it wants to move up, but, we have FED in the upcoming week and market makers usually uses such events with high volatility.Could it be a new start of a major bull run? certainly not! we could see relief ralley going on, but definitely will com back to 20k and lower.
How did Robert Kiyosaki say: Bitcoin has no value, it is a game and you have to play the game. I personally agree... Bitcoin is the B(iggest sh)itcoin and nothing more thgan a ponzi.
As this market continues in waves, use opportunitys to short. What goes up, must come down.
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