BTC will go to 60-100K, following upcoming rally in stocks (cyclicals), as yields rise. Expect volatility in september? and bullish till end of year. The "craze" mindset will be back. save this post. Catalyst is 200dma which will work as a trailing support. anything bellow the 40k level is a buying opportunity with adequate risk management. Think the 40k was a...
new cycle. correction over tooooooooooo shooooooooooooort messsaageeeeeeeeeee
pointless to try predicting what markets gonna do; it will be sum of dollar falling/Crude oil rallying, 10Y behaviour (value vs growth performance), etc. Also IWM performance (fueling small caps), etc. Anything is possible. Longterm probably people underestimate the energy crisis/shortages, look out what changes after labor day?
wont time the market, but need to survive a deathcross now, hopefully hold this level; nice channel is created. With a near term PT at 5.60s. Could even finally be low risk above 4.50+. Must see what oil does on monday, after OPEC+ agreement today. I think XLE is close to bottom too. I think in a long term anything is possible. Cyclicals will boom, when dollar...
even if it looks more like a trade than investment