Let's keep this short and sweet. Liquidity started receding back in March '23. This created a weak consolidation zone waiting for a catalyst to bring it lower. Looks like the Binance lawsuit might be it.
If this is so, then we should see a series of bad news one after the next resulting in
BTC falling to the lustrum level. That would be the buying opportunity I've been waiting for. After that, more bad news should be met with resilience in the crypto market.
I expect the financial markets to have it's own flush between now and mid-September, at which point we can expect QE. Bitcoin would then be rocketing upwards until January where there will be a another pullback, then more QE, then Bitcoin soars to $200K by next summer. At least, that's what I'm seeing now.
If this is so, then we should see a series of bad news one after the next resulting in
BTC falling to the lustrum level. That would be the buying opportunity I've been waiting for. After that, more bad news should be met with resilience in the crypto market.I expect the financial markets to have it's own flush between now and mid-September, at which point we can expect QE. Bitcoin would then be rocketing upwards until January where there will be a another pullback, then more QE, then Bitcoin soars to $200K by next summer. At least, that's what I'm seeing now.
Note
Since this target, we've had a bounce signal followed by a developing buy.
"Even the wise cannot see all ends." - Gandalf
Connect with me on Twitter. I'm always open to discuss.
Connect with me on Twitter. I'm always open to discuss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"Even the wise cannot see all ends." - Gandalf
Connect with me on Twitter. I'm always open to discuss.
Connect with me on Twitter. I'm always open to discuss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.