$BTCUSD leg A target 13k, mid-term target at 34k. Long-term 2-3k. #Altcoins to explode at leg B.
Since everyone's capitulating at current market condition regarding FTX and other planforms, the expected bottom predictions in the media is below or equal to 12k. As always ctiteria wiil not be met. The major support is ahead at approx 13k. As people selling their crypto and withdrawing funds from exchenges it represents the best opportunity for big players to step in and buy it all from retail at favourable prices. As war in Ukraine is easing and the stock market shows a good reaction to go up, the ctypto market will benefit as a whole. But majority of gains are expected in altcoins since as I said people are selling and not exposed to great gains which are coming. If alts multiply in value and the narrative changes into "the bear market is over we start the new bull cycle" people will start yoloing into the final leg of antcoins. But percentagewise they wil not get much. Then the market will reverce leaving the majority in losses. The continuation of the current market for bitcion will get brutal. As world shakes on war narratives wich are coming later and probably as monkeypox virus spreads the bear market will be the worlds worst since The Great Depression. This depression will be worldwide and the worst one in two centuries.
Brace for impact.
Since everyone's capitulating at current market condition regarding FTX and other planforms, the expected bottom predictions in the media is below or equal to 12k. As always ctiteria wiil not be met. The major support is ahead at approx 13k. As people selling their crypto and withdrawing funds from exchenges it represents the best opportunity for big players to step in and buy it all from retail at favourable prices. As war in Ukraine is easing and the stock market shows a good reaction to go up, the ctypto market will benefit as a whole. But majority of gains are expected in altcoins since as I said people are selling and not exposed to great gains which are coming. If alts multiply in value and the narrative changes into "the bear market is over we start the new bull cycle" people will start yoloing into the final leg of antcoins. But percentagewise they wil not get much. Then the market will reverce leaving the majority in losses. The continuation of the current market for bitcion will get brutal. As world shakes on war narratives wich are coming later and probably as monkeypox virus spreads the bear market will be the worlds worst since The Great Depression. This depression will be worldwide and the worst one in two centuries.
Brace for impact.
Comment:
The leg B target has almost been reached. It's time for me to play in altcoins and get rid of btc.