The stock market is completely decoupled from the economy ever since COVID appeared, Interest rates rising. time to collect back the money they have lended to the companies which will have a hard time paying back!
Its doomed to correct.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is moving within this major ascending-channel-formation marked with the parallel chart boundaries within my chart, besides that Bitcoin has established a coherent wave-count within the structure already completing waves
Trends continue to look Bullish for BTC
Systematic adoption news.
Store of value narrative.
Inflation hedge.
Central bank printing money continues to stimulate zombie companies.
Low economic money velocity.
Lockdown
Institutional adoption
Personally I think it will go upwards because a 28% correction is a healthy indicator for the bullish uptrend.
Historically we had in 2017 about 5 corrections similar to this one. The 5 corrections in 2017 bullmarket were about 32% on average .
This time around we have institutional demand. Covid19 Crisis. Money printing.
I am Bullish.
