Very expensive asset which worth nothing. network revenue 2B but 240B market cap. P/S over 120. A fraud story like fiction like overwhelming load of mortgage-backed securities in 2008.
Supports:
70.000-71.000
40.000
20.000
In previous posts WTI and Brent were hesitant for grow or fall and i consider chance of falling is greater.
But fundamental crisis happens and Crude oil broke all resistances. new analysis show that oil has powerful restriction in 127 USD but problems with Russia grow in future and i think oil will see prices ever sees.
Brent over 100 and toward 120-130 usd.
previously we suggest that crude oil won't go over 100 but international conflicts and Iran talk problem broke all resistances.
now C wave will rise.
Turkey in financial crisis.
if usd/lira cross 14.3, nothing can hinder it from 22 target rate.
political disaster of President will cause huge inflation result in turkey economy.
future of digital currency is unclear.
consider most important aspects of future economy:
1- ending COVID and real markets need money which insert in digital currencies 2 or 2 years age.
2- political and economic war between west and east has powerful effect on BTC.
Two scenarios in green and red will illustrate future.
oil prediction
WOrld cant tolerate oil price right not and 100 for barel is a dream in midtime. maybe in future but not in short. oil can falling down toward targets.
