BitcoinLong
THE GREAT CORONA CRASH OF 2020 AND THE SUBSEQUENT BITCOIN ATH
Updated
There will be a global recession and
a credit crunch will cause financial
system stress. Central banks will take rates
into extreme negative territory and
print money like there is no tomorrow.
Bitcoin will reach a new all time high,
somewhere between 40K and 50K,
before there is a coordinated crack down
from governments.
(The chart shows there have been similar movements in the bitcoin price in the past before an ATH event. I loaded my bags in the purple stage, but the green stage offered a last chance to buy up on the cheap before we sprint up toward a new all time high.)
Bitcoin's performance is finally going to be tested in the context of a global recession and financial crisis. This is what we have been preparing for. I fear not whether bitcoin's price will go up (I am sure it will), but of the social costs of this new recession and financial crisis. Western countries are in a bad way, much worse than we realise right now. The chickens coming home to roost and things might get so bad that being rich is useless. But that is a topic for another day. For now, yes bitcoin will ATH this year, almost no doubt about it.
a credit crunch will cause financial
system stress. Central banks will take rates
into extreme negative territory and
print money like there is no tomorrow.
Bitcoin will reach a new all time high,
somewhere between 40K and 50K,
before there is a coordinated crack down
from governments.
(The chart shows there have been similar movements in the bitcoin price in the past before an ATH event. I loaded my bags in the purple stage, but the green stage offered a last chance to buy up on the cheap before we sprint up toward a new all time high.)
Bitcoin's performance is finally going to be tested in the context of a global recession and financial crisis. This is what we have been preparing for. I fear not whether bitcoin's price will go up (I am sure it will), but of the social costs of this new recession and financial crisis. Western countries are in a bad way, much worse than we realise right now. The chickens coming home to roost and things might get so bad that being rich is useless. But that is a topic for another day. For now, yes bitcoin will ATH this year, almost no doubt about it.
Trade active
BTC is on track. It goes sideways in the 8K-10K range for the next 3 weeks. Some point in the 5-6 weeks after that we will shoot up to $17500. Few dips, if any. Still think 40K by Christmas. Load up RocketNote
Let us get some big candles now, we took a break but can resume now 🚀Trade active
All systems are go, resumption successful, up, up and away nowNote
Yeah okay I was "too bullish" and didn't get the timeframe right, but price wise we are totally on track :)Trade closed: target reached
Nice :)
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