21-AUG - BTC in stagflation and global recession
If you just take into consideration, that so far entire #cryptocurrencies #ecosystem grew up in global #hossa and that #hossa has ended and #global #market is going into #recession, what could this mean to e.g. #BTCUSD ?
During each previous recession (dotcom bubble in 2001, global recession in 2008, etc.) #SPX500 fell down >50%.
We should take into consideration, that #Bitcoin had so far only positive market conditions and previous #BTC #cycles just were the #elliotwave in #uptrend and we shall enter corrective Elliot wave.
#SPX500 could fall again >50% that would crash #Bitcoin heavily.
It's not investment recommendation !!
During each previous recession (dotcom bubble in 2001, global recession in 2008, etc.) #SPX500 fell down >50%.
We should take into consideration, that #Bitcoin had so far only positive market conditions and previous #BTC #cycles just were the #elliotwave in #uptrend and we shall enter corrective Elliot wave.
#SPX500 could fall again >50% that would crash #Bitcoin heavily.
It's not investment recommendation !!
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