TradingView
Lobotto
Jun 29, 2022 12:16 PM

German inflation rate falls to 7.6 percent, BTC pump?Β Long

Bitcoin / U.S. dollarBitstamp

Description

β‹…
Bottom found? US markets likely to follow EU markets very soon. I suppose to see BTC to hold the 20k$ for atleast short-term. With upcoming inflation data for july, I see a direct correlation that US inflation data will also be promising, leading to a recovery to atleast 24-25k$ in short-term. Altough rising OIL prices and commodity could mid-term again crush this inflation data.

This is not an investment advise, and not a trading recommendation for BTC! always do your own research.
Comments
Tradersweekly
β‹…
I thought that before, but the time elapsed quickly for it to happen, in my opinion.
simpsonepic1a
β‹…
πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚ watch for 300MA good one thsnks for your advice hope all goes well for yoπŸ™πŸ˜πŸ‘
Lobotto
β‹…
@simpsonepic1a, you're giving technical factors to much weight, you can't avoid seeing the bigger picture of the global economy.
Tradersweekly
β‹…
@Lobotto, I suppose it is easier to trash talk than make reasonable arguments.
MiserableToppings
β‹…
@simpsonepic1a I don’t understand. Post didn’t say anything about 300WMA. It also bullish, so not indicating price will even need to visit 300WMA like Eth has. What are you trying to say?
More