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hungry_hippo
Jun 30, 2022 5:05 PM

BTC Update 

Bitcoin FuturesCME GLOBEX

Description

Waffling around 20k like I posted, but I just wanted to warn people that Euro inflation numbers were terrible and the ECB is talking about combating inflation. I did not factor Europe into this chart, there's a chance it heads to 12k sooner than I expected.

Don't time your buy based on a price point, wait until ECB and the Fed stop raising rates.

Comment

If you're a long term bull, wait until we're in a recession to buy. Nothing is priced in for a recession yet, certainly not BTC.

Usually the time to buy is when a recession is announced, because that's usually the market bottom. When the economy comes out of a recession then garbage like this will pop again. Patience for bulls.
Comments
rb675
Biti
hungry_hippo
@rb675, yeah, but they only sell monthly contracts and premiums are high
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