I don't need to look at the charts anymore "no trades til 2023"
i don't need to look at the charts. Not one crypto currency has went up in value and held value this year. almost every crypto has a 50% to 75% correction after a big move like this.
I can read economic statistical data and say this with absolute certainty the market has not hit bottom yet.
economy is in a recession and expect a strong bearish divergence in global markets moving forward toward march 2023.
fuel shortage, food shortage, intermittent blackouts in the energy sector is possible, inflation on goods and services could spike 50% to 90% by January 2024.
midterm elections in the United States will spark an outrage from the public eye. Alot of shady deals in secret and political pressure on a global scale is in extreme fear.
March 2023 could bring some relief after some much needed debate over global issues we are facing. Waiting until 2023 is the smartest choice in our opinion.
Trades are short lived and people are taking profits responsibly. There will be losses and gains from rushing in too quickly to the markets
be careful everyone
I can read economic statistical data and say this with absolute certainty the market has not hit bottom yet.
economy is in a recession and expect a strong bearish divergence in global markets moving forward toward march 2023.
fuel shortage, food shortage, intermittent blackouts in the energy sector is possible, inflation on goods and services could spike 50% to 90% by January 2024.
midterm elections in the United States will spark an outrage from the public eye. Alot of shady deals in secret and political pressure on a global scale is in extreme fear.
March 2023 could bring some relief after some much needed debate over global issues we are facing. Waiting until 2023 is the smartest choice in our opinion.
Trades are short lived and people are taking profits responsibly. There will be losses and gains from rushing in too quickly to the markets
be careful everyone
Note
united we are strong howeverdivided with uncertainty and markets collapse with extreme fear of loss.
Note
you might say to yourself that a future projection for the crypto market at 500 trillion is absurd. Creation value vs creation cost vs projected value is a historical reference. Value is determined by supply and demand. Paintings, sculptures, artifacts, rare items and even cryptocurrency hold a specific value until demand slows down.
Crypto is created for trade and monetary use. Specifications for use is different for every crypto out there. Some fail and others progress successfully with demand and competition. Creating value of something with world implications has massive potential for growth 10 to 20 years from now.
2 billion dollar marketcap into 3 trillion dollar marketcap from 2014-2021 on this chart shows how fast things can grow in store value overtime. This is just the inflow not the invidual crypto value itself in the market. This chart only shows the strength of the market and how much money is flowing in and out.
Even bitcoin was once only .01 to 1.00 when trading started.
Total marketcap will bottom between 300 billion and 400 billion before the next bullrun cycle begins. The next bullrun will be a massive one. Honestly I believe a back to back bullrun will start in late 2023 to early 2024 and last until 2030.
There will be significant corrections along the way with higher highs and high lows but the overall growth will be Massive. First thing is we have to get through this bear market weeing out all the bad debt and fraud that has manipulated this market so terribly.
Bitcoin 6k to 9k bottom has the highest potential for reversal
Ethereum 400 to 600 has the highest potential for reversal
Solana 4.00 to 1.00 has the highest potential for reversal
everything else will follow with some manipulation from day traders.
Good luck everyone and be careful before buying any long positions.
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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.
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.