Final bull trap. Bitcoin is still going to zero.
Although I certainly did not expect last week's surprise rally, it still doesn't erase the facts that given the current geopolitical circumstances and federal reserve's hawkishness, Bitcoin's demise is simply delayed, not prevented. I will reiterate these same points from my previous TA segments, and feel free to change my mind.
The dollar's rally cooled down for the short-term, but that does not mean that the bull market for the DXY is over. In fact, it hasn't even started yet imo. I anticipate DXY to hit 165 by Q3 of 2022, which will coincide with the Feds possibly ramping up interest rate hikes of 100+ bps on a monthly basis and Bitcoin hitting close to or at zero.
I say again: Sell ALL your Bitcoin . Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
Be smart, be prudent. Hold greenback, DUMP YOUR CRAPCOIN!
The dollar's rally cooled down for the short-term, but that does not mean that the bull market for the DXY is over. In fact, it hasn't even started yet imo. I anticipate DXY to hit 165 by Q3 of 2022, which will coincide with the Feds possibly ramping up interest rate hikes of 100+ bps on a monthly basis and Bitcoin hitting close to or at zero.
I say again: Sell ALL your Bitcoin . Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
Be smart, be prudent. Hold greenback, DUMP YOUR CRAPCOIN!