I really don't know, nobody knows. Drawing over price charts is just a hobby!
Just having some fun. IMO next moves depend on $DXY and rates (mostly the diff between US 10 year and other developed countries)
Supply chain disruptions and economic rebound are generating what still appears to be temporary inflation. Without new stimulus or some new form of creating money, disinflation on China will bring us back to the long term cycle of lower and lower inflation! With 5 and 10 years yields stuck on the same levels for months, lower inflation data will bring real yields...
Even going down to 20k I think we could still be on the same part of the cycle as 2013-2014
Let's see if he can make it past the white line this time!
Update to: "Zoom in to "BTCUSD and that freaking white line again!"" s3.tradingview.com s3.tradingview.com s3.tradingview.com
A bearish scenario but if it manages to get past this point bitcoin style it may become super bullish! Remember this offers possibilities not probabilities. Technical analysis if for timing a trade, determining risk or findings resistances!
A bearish scenario but if it manages to get past this point bitcoin style it may become super bullish! Remember this offers possibilities not probabilities. Technical analysis if for timing a trade, determining risk or findings resistances!
What would happen if $AMZN announces a split at the same time that WSB starts pumping it while Jeff Bezos buys Bitcoin and E-Long tweets that he loves AWS and they are merging to develop AI driven cars and personal planes ? hahaha/jajaja Have a nice weekend!
amountpurchased.blogspot.com
It's inflation adjusted using the CPI