If this fractal is to be believed, we see a possible scenario of the BTCUSDT price movement until the end of 2022 : - The summer will be sluggish, in consolidation, without special trading volumes. Perhaps during these 2-3 months there will be a hidden flow of capital from stablecoins to alts. - The cryptocurrency market should revive in the second half of August.
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The critical level from the bottom is $18250. Fixing the BTCUSD price below this level may lead to a continuation of the downward movement of the BTC price to the zone of $12000-14500.
The maximum Bitcoin price growth until the end of 2022, according to the fractal - $48,000 per BTC _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
One thing people are missing........I have been a trader since.....dinosaurs walked The City (of London). OK,, this is a freebee
Since 2008 the world's economy and financial institutions have been supported. There has been a massive amount of money pumped into the economy and banking has been bailed out. Since covid began 40% of the $ in circulation have been printed,. Since 2008 (Bank crash) the whole financial system has been supported. This has now resulted in inflation........massive inflation. The highest in 70 years.
Bitcoin and crypto have NEVER operated/worked in a period of FINANCIAL HARDSHIP with high interest and inflation. Combined with a European war and high fuel/energy costs. The shortages and increasing transport costs will result in less fluidity and availability to 'fast cash'. Consequently, there will be less money available to most retail. This will result is fewer transactions and a decline in mining profitably.
The results of higher prices will cause social unrest (Ghana as an example) so 'Joe public' has less to invest. With less money circulating, higher prices and pending regulations for blockchain industry tokens, we are going to fi d that it is like skating on thin ice.
Some of us will be able to benefit and take advantage - others are going to suffer.........especially the 'rocket men' followers who are like "lambs to the slaughter ".
(Sent to my clients and students) .........I plan in typing up a detailed analysis of our position, but the above sort of sums it up. It is far more complex, but that does not mean that we cannot profit in both the long, long term PLUS the short term as traders. The second part of my analysis will give calls for low buys and, during growth, sell levels.
P_S_trade
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@esorlegin, Thank you for your comment, clear and constructive
OK,, this is a freebee
Since 2008 the world's economy and financial institutions have been supported. There has been a massive amount of money pumped into the economy and banking has been bailed out.
Since covid began 40% of the $ in circulation have been printed,.
Since 2008 (Bank crash) the whole financial system has been supported.
This has now resulted in inflation........massive inflation. The highest in 70 years.
Bitcoin and crypto have NEVER operated/worked in a period of FINANCIAL HARDSHIP with high interest and inflation. Combined with a European war and high fuel/energy costs.
The shortages and increasing transport costs will result in less fluidity and availability to 'fast cash'.
Consequently, there will be less money available to most retail.
This will result is fewer transactions and a decline in mining profitably.
The results of higher prices will cause social unrest (Ghana as an example) so 'Joe public' has less to invest. With less money circulating, higher prices and pending regulations for blockchain industry tokens, we are going to fi d that it is like skating on thin ice.
Some of us will be able to benefit and take advantage - others are going to suffer.........especially the 'rocket men' followers who are like "lambs to the slaughter ".
(Sent to my clients and students) .........I plan in typing up a detailed analysis of our position, but the above sort of sums it up. It is far more complex, but that does not mean that we cannot profit in both the long, long term PLUS the short term as traders. The second part of my analysis will give calls for low buys and, during growth, sell levels.