Elliott Wave For BTC Now: At the bottom of wave 2, Going to wave
Elliott Wave For BTC Now: At the bottom of wave 2, Going to wave:
Technical analysis:
At wave 1 bottom: Convergence Bottom at $30k = Rise to $69k.
At the top of wave 2: there is a peak divergence at $69k = Drop to $40k
At the bottom of wave 3 (current): is converging bottom at $40k = Rise to $105k
Base channel: contains waves 1, 2 and a part of wave 3 has formed.
Verdict: BTC is at the bottom of wave 3 starting to rally to $105k. exiting the base channel at $75k-$77k will pump strongly to $105k: January 2022 will end soon. slow, mid-February, ending wave 3 expansion in May 2022.
Fundamental analysis:
Fed: has 3 biggest powers:
1. Decrease assets, increase debt = Do not inject more money; sell government bonds to the market: Do this the US financial markets crash >>>Crypto is a safer haven than gold and Nasdas>>Crypto cap will increase over 100x>>Altcoins surge.
2. Increase interest rates: Fed lends to banks as assets of the Fed = increases interest rates from $ lending to banks: Doing this, banks will recover loans, increase bad debts >>Source of loans business will be black funds deal with low interest rates and easy to do>>>The bank collects a lot of money and is forced to take refuge in the safest place against inflation is Crypto>>>Crypto capitalization surges>>> Altcoins surged.
3. Fed has unlimited power to print money: This is very easy because just changing the formula in the balance sheet is ok>>>Money continues to pump into the market>>>Financial market capitalization increases go up; Crypto is the first beneficiary for reasons 1 and 2 are gaining momentum.
In the context of the epidemic and many political and economic conflicts, the economy is in recession >>> The Fed on behalf of the United States is forced to balance the economic control, otherwise China will dominate the financial market >> Silently print huge money.
@$$$ So the Fed will do 1>2>3 respectively >>>Crypto increase its capitalization 100-150 times in 2022.
Recommendations:
$ Who is holding Altcoin = hold tight to catch the strong and long rising wave of 2022.
$ Who is holding the money: If bank = devaluation; There is only 1 way to buy and hold Crypto:
+ The old top altcoin is the smartest choice and the biggest gainer: XRP BTS BCH DOGE TRX BTS LINK XTZ UNI HT CAKE LIT EOS ICP are the stocks at the bottom of this cycle that will make the biggest breakout now.
+ Potential altcoin increases by: C98 SHIB KIN RAMP BABYDOGE SAFEMOON ELON REEF DAPPX REN VIEW OGN BIT DAO ETH BNB BTC
$$$ Leading the Market: DOGE XRP BCH XTZ LINK TRX
Wish the investors who read this analysis will become richer and richer.
Thanks
Technical analysis:
At wave 1 bottom: Convergence Bottom at $30k = Rise to $69k.
At the top of wave 2: there is a peak divergence at $69k = Drop to $40k
At the bottom of wave 3 (current): is converging bottom at $40k = Rise to $105k
Base channel: contains waves 1, 2 and a part of wave 3 has formed.
Verdict: BTC is at the bottom of wave 3 starting to rally to $105k. exiting the base channel at $75k-$77k will pump strongly to $105k: January 2022 will end soon. slow, mid-February, ending wave 3 expansion in May 2022.
Fundamental analysis:
Fed: has 3 biggest powers:
1. Decrease assets, increase debt = Do not inject more money; sell government bonds to the market: Do this the US financial markets crash >>>Crypto is a safer haven than gold and Nasdas>>Crypto cap will increase over 100x>>Altcoins surge.
2. Increase interest rates: Fed lends to banks as assets of the Fed = increases interest rates from $ lending to banks: Doing this, banks will recover loans, increase bad debts >>Source of loans business will be black funds deal with low interest rates and easy to do>>>The bank collects a lot of money and is forced to take refuge in the safest place against inflation is Crypto>>>Crypto capitalization surges>>> Altcoins surged.
3. Fed has unlimited power to print money: This is very easy because just changing the formula in the balance sheet is ok>>>Money continues to pump into the market>>>Financial market capitalization increases go up; Crypto is the first beneficiary for reasons 1 and 2 are gaining momentum.
In the context of the epidemic and many political and economic conflicts, the economy is in recession >>> The Fed on behalf of the United States is forced to balance the economic control, otherwise China will dominate the financial market >> Silently print huge money.
@$$$ So the Fed will do 1>2>3 respectively >>>Crypto increase its capitalization 100-150 times in 2022.
Recommendations:
$ Who is holding Altcoin = hold tight to catch the strong and long rising wave of 2022.
$ Who is holding the money: If bank = devaluation; There is only 1 way to buy and hold Crypto:
+ The old top altcoin is the smartest choice and the biggest gainer: XRP BTS BCH DOGE TRX BTS LINK XTZ UNI HT CAKE LIT EOS ICP are the stocks at the bottom of this cycle that will make the biggest breakout now.
+ Potential altcoin increases by: C98 SHIB KIN RAMP BABYDOGE SAFEMOON ELON REEF DAPPX REN VIEW OGN BIT DAO ETH BNB BTC
$$$ Leading the Market: DOGE XRP BCH XTZ LINK TRX
Wish the investors who read this analysis will become richer and richer.
Thanks