Hello Dear Friends.
Sorry for being silent for so long.
However, I don't have much to say about the crypto market right now. Many crypto enthusiasts and professionals have stopped understanding what's going on, and so have i.
As of now, BTC and the whole economy itself have an irrational movement, the movement of greed and lacking the logic.
Most postulates of trading given to us by the gurus like Tom Williams, Mark Douglas, and others have lost their power. Markets seem not to notice empty streets in Europe, lockdowns, viruses, masks, deficit, fear, closed borders and dying private businesses. It's like nobody canceled all the sports and public events for people. We got used to seeing this world through the smartphone prism, and it seems like those are the perfect conditions for economic growth.
We're at this time when white has turned into black, and irrational has become rational. Now people who talk about the market collapse are perceived as crazy; I won't be surprised to see them banned in the future for thoughts like this in crypto telegram chats:).
I believe there is only one direction for the crypto markets right now. You can even call it a bug.
I can give you a million arguments and charts with specific indicators that predict a further BTC collapse and none that would indicate growth. NOT ONE, except that we will have to go for 20k BTC price, but that's just a chat thing that works somehow.
I don't know if this will take long and where this story will end.
I've come across an interesting thought that seemed ironic at first, but it hit me later...
What if the markets never collapse again, and the debt will expand enormously? What if trillions of dollars will be injected into the economy on a regular basis, along with an increase in the money supply? What if the rules of the game have already changed and we haven't noticed?
Sorry for being silent for so long.
However, I don't have much to say about the crypto market right now. Many crypto enthusiasts and professionals have stopped understanding what's going on, and so have i.
As of now, BTC and the whole economy itself have an irrational movement, the movement of greed and lacking the logic.
Most postulates of trading given to us by the gurus like Tom Williams, Mark Douglas, and others have lost their power. Markets seem not to notice empty streets in Europe, lockdowns, viruses, masks, deficit, fear, closed borders and dying private businesses. It's like nobody canceled all the sports and public events for people. We got used to seeing this world through the smartphone prism, and it seems like those are the perfect conditions for economic growth.
We're at this time when white has turned into black, and irrational has become rational. Now people who talk about the market collapse are perceived as crazy; I won't be surprised to see them banned in the future for thoughts like this in crypto telegram chats:).
I believe there is only one direction for the crypto markets right now. You can even call it a bug.
I can give you a million arguments and charts with specific indicators that predict a further BTC collapse and none that would indicate growth. NOT ONE, except that we will have to go for 20k BTC price, but that's just a chat thing that works somehow.
I don't know if this will take long and where this story will end.
I've come across an interesting thought that seemed ironic at first, but it hit me later...
What if the markets never collapse again, and the debt will expand enormously? What if trillions of dollars will be injected into the economy on a regular basis, along with an increase in the money supply? What if the rules of the game have already changed and we haven't noticed?