MID TERM Expectations
Well Lets I give you my medium-term expectations. I do not believe that we have passed the bottom. There are several factors for this, ranging from economic to on-chain analytics.
Unfortunately, I can't attach the data on the on-chain indicators, but trust me, we have a stronger congestion than when we fell from 21500 a couple of months ago.
On the geopolitical side, in our world there is a large-scale war in the center of Europe that will require large cash infusions, an aggravation of the confrontation between China, the United States, and Iran, which is trying to develop nuclear weapons as soon as possible. All this is reflected in the fear of large players to buy.
In my opinion, the rate hike will last a couple more months until March, where the Fed will change its shoes as always, and we will see a huge injection of funds to support Ukraine and after the war and rebuilding (look at how the EU fought the recession in 2008) they poured huge funds into development of Turkey, built autobahns to create jobs, the same thing will happen with Ukraine. We will see a rapid reversal and exponential growth closer to summer.
The technical picture also looks like this: trading above 17800 on the daily timeframe is equal to a strong cancellation of the scenario at least to the 19300 zone, a fall from the current ones or through 17200-17300 is an ideal outcome for continuing the fall.
My goals for starting a position start at $14,000 and end at $9,800.
Think with your head and have a nice weekend
Well Lets I give you my medium-term expectations. I do not believe that we have passed the bottom. There are several factors for this, ranging from economic to on-chain analytics.
Unfortunately, I can't attach the data on the on-chain indicators, but trust me, we have a stronger congestion than when we fell from 21500 a couple of months ago.
On the geopolitical side, in our world there is a large-scale war in the center of Europe that will require large cash infusions, an aggravation of the confrontation between China, the United States, and Iran, which is trying to develop nuclear weapons as soon as possible. All this is reflected in the fear of large players to buy.
In my opinion, the rate hike will last a couple more months until March, where the Fed will change its shoes as always, and we will see a huge injection of funds to support Ukraine and after the war and rebuilding (look at how the EU fought the recession in 2008) they poured huge funds into development of Turkey, built autobahns to create jobs, the same thing will happen with Ukraine. We will see a rapid reversal and exponential growth closer to summer.
The technical picture also looks like this: trading above 17800 on the daily timeframe is equal to a strong cancellation of the scenario at least to the 19300 zone, a fall from the current ones or through 17200-17300 is an ideal outcome for continuing the fall.
My goals for starting a position start at $14,000 and end at $9,800.
Think with your head and have a nice weekend