Bitcoin Evening Stars
Bitcoin weekly has had two evening star candles in short period of time as the markets grapple with sharply rising prices, declining sales, and a massive labor shortage.
Markets are beginning to price in rate hikes, but have yet to entertain the implications of rampant, widespread inflation or the reality of an aging population with low and continuing lower birthrates.
As central banks look to regime change via rate hikes and divesting bloated balance sheets, the economy is in for a significant slow down and the markets will realize major retracement.
Bond yields, durable goods sales, home sales, inflationary measures... all point to a full market reversal.
BTC price action will continue lower as bearish sentiment settles in and speculative risk-on behaviors curtail.
Markets are beginning to price in rate hikes, but have yet to entertain the implications of rampant, widespread inflation or the reality of an aging population with low and continuing lower birthrates.
As central banks look to regime change via rate hikes and divesting bloated balance sheets, the economy is in for a significant slow down and the markets will realize major retracement.
Bond yields, durable goods sales, home sales, inflationary measures... all point to a full market reversal.
BTC price action will continue lower as bearish sentiment settles in and speculative risk-on behaviors curtail.
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