Hey, here I share an idea. NIO is a Chinese EV's company. I don't have some strong arguments to compare these two, but I believe we can see a reflect of the risk's markets on their structure. That said, I believe that BTC did find a bottom on 30k and could test higher, between 46k and 50k.
I would long this with no leverage, just in case it does test 20k later.
Do you think the MAs are showing some information? Let me your opinion in the comments.
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Looks like Binance took the lead! Wasnt supposed to work that way tho lmao
Order cancelled
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History speaks.
Got into new highs, and now testing prior ATH: 20k.
BTC might see more drawback, but as I detailed on the DOGE post, I think we already found a local bottom.
Maybe test 30k? Anyways, I dont expect much upside until 2023. The political and economical context of the globe isn't one that would bring optimism in a risk asset as crypto. As both politics and economics depends on a few person's decission, this might change fast.
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A few points about this chart: *This is the first time BTC test prior ATH between cycles. *This dump correspond with the middle cycle dump between halvings. *FED monetary sheet went from 3T to 8T in 2020, and BTC's increased price from 20k to 60k.