visioncrypto

Shorting Opportunity

Short
FTX:BTCUSD   Bitcoin
Price is trading below the 200 day EMA. At the current rate of price decline, it would be expected that the death cross will occur in the first week of January. Ofcourse, this speculation is based purely on the extrapolation of the current price trend... certainly it could come sooner or later... 200 day EMA has been a critical support, 40-42k is the next testing zone... I do believe with the incredibly low volumes, there will be a rather large correction. I do sincerely hope that 2022 will be a positive year for crypto overall, especially with institution adoption; but at least in the foreseeable future there is not the great interest of 2020 to early 2021. With Paul Tudor Jones having approximately 2% of his portfolio in bitcoin, as a hedge against inflation, this is a good indication if inflation does become a hotter news topic (as for now its a bit like lets worry about it later, like termites in the foundation but the house looks fine); and since Paul Tudor Jones usually is ahead of the curve then this is a reliable indicator. I think people should tread lightly with what people like Michael Saylor say, he is making a lot of money in his trust fund from the attention he's getting, and anyone pushing the high figure should also equally be warning of the negative potentials...
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