With the upcoming recession do we see a market that capitulates and recovers. We could see that happen but I still think the next year and a half is going to be tough times. I think policy might not be fixed for this time but we will have enough stability to hold firm at over 3200 /ES. Time will tell and I think BTC is going to have to wait at around $15,000 USD...
We could see with the recent price action go up to $1.9 Trillion for Crypto Currency / Crypto Asset Markets. Bitcoin is clearly the digital property in the asset class. As the asset class matures it is clear how now the US Government not only governs US Citizens and US Companies but also all Companies or Entities that are related to Business in the United States...
If we see a peak out of the current range in either direction we could see pattern reversal (short) or pattern continuation (long) from 41,800k. At 41,600 we saw this happen and what played out is price now at 44,200K
