THE GREAT CORONA CRASH OF 2020 AND THE SUBSEQUENT BITCOIN ATH
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.
تم فتح الصفقة
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 Rocketملاحظة
Let us get some big candles now, we took a break but can resume now 🚀تم فتح الصفقة
All systems are go, resumption successful, up, up and away nowملاحظة
Yeah okay I was "too bullish" and didn't get the timeframe right, but price wise we are totally on track :)أغلقت الصفقة: تم الوصول للهدف
Nice :)
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.