So much going around in crypto verse right now,
to much FUD and CEX (centralize exchange is falling).
I think we should look at macro outlook the macro economic for 2023
and how will FEDS manuver or PIVOT the FEDERAL INTEREST RATES this
2023,
for now lets beginning in this BITCOIN WEEKLY CHART + ELLIOT WAVE COUNTS
+ RSI.
1. We can see how patterns from 2 Cycle were price goes to PEAK and BOTTOM,
there's also certain support level has been hit, before BTC find the bottom,
but during those years FUD is everywhere too before BTC BOTTOM, this strategy is
always use by the whales spreading it like COVID19 is a pandemic to CRYPTO VERSE,
because this HUGE INSTITUITION they want to buy bitcoin at the cheapest price so
they can profit to the next BULLMARKET.
- My advise is look at the CHART were you can see what's really happening were the price can
capitulate and Accumulation STAGE will begging, don't focus to much on news because those
FUD NEWS is part of the BOTTOMING PROCESS, but when GOOD NEWS is EVERYWHERE and
PRICE IS A TOP then start to worry because that's the PEAK PROCESS or the BLOWNOFF.
2. On our ELLIT WAVE CORRECTION we can that BITCOIN is already in the NEAR TERM BOTTOM
so its possible somewhere $11K or $13k + price could go up and long accumulation will begin
or the winter season,
last PEAK no blown off candle were thinking bottom in this cycle will be no CAPILTULATION candle,
its also possible it will be look like $69k before a DOUBLE BOTTOM pattern.
(but anything can happen)
on RSI we can see the rsi30 bounce on weekly which is RSI right now is very close,
so additional technical idea that everything is in near term bottom already.
3. 2023 economic outlook well everyone knows that federal rates plan is 5.1% if this happen
then recession is inevitable, currently were at 4.50% and recession amplified so there's
a chance bitcoin can drop one more time,
we know that bottom always hits before recession that's why were thinking on other side
that bitcoin is in bottom right now, too crucial since everything is controlled by
FEDERETAL INTEREST RATES,
how the feds will pivot or pause the rates? the possible scenario here is they want to avoid the deeper
recession, if that happen we can see a strong bounce to stocks and crypto.
4. i read some 11 macro outlook for 2023 and according to BANK OF AMERICA and JP MORGAN and many more,
that 2023 will be difficult to everyone, some say greatest recession, the great reset, some say feds can avoid the
deep recession, so we don't know what will be the action and outcome of this rates hike.
so my final advice be vigilant and look the chart avoid this news NOISE focus on the patterns focus on rates.
forget about FUDS.
YOUR LIFE CAN CHANGE FOREVER IN 2024-2025
GOODLUCK
-WOLVES TRADING
to much FUD and CEX (centralize exchange is falling).
I think we should look at macro outlook the macro economic for 2023
and how will FEDS manuver or PIVOT the FEDERAL INTEREST RATES this
2023,
for now lets beginning in this BITCOIN WEEKLY CHART + ELLIOT WAVE COUNTS
+ RSI.
1. We can see how patterns from 2 Cycle were price goes to PEAK and BOTTOM,
there's also certain support level has been hit, before BTC find the bottom,
but during those years FUD is everywhere too before BTC BOTTOM, this strategy is
always use by the whales spreading it like COVID19 is a pandemic to CRYPTO VERSE,
because this HUGE INSTITUITION they want to buy bitcoin at the cheapest price so
they can profit to the next BULLMARKET.
- My advise is look at the CHART were you can see what's really happening were the price can
capitulate and Accumulation STAGE will begging, don't focus to much on news because those
FUD NEWS is part of the BOTTOMING PROCESS, but when GOOD NEWS is EVERYWHERE and
PRICE IS A TOP then start to worry because that's the PEAK PROCESS or the BLOWNOFF.
2. On our ELLIT WAVE CORRECTION we can that BITCOIN is already in the NEAR TERM BOTTOM
so its possible somewhere $11K or $13k + price could go up and long accumulation will begin
or the winter season,
last PEAK no blown off candle were thinking bottom in this cycle will be no CAPILTULATION candle,
its also possible it will be look like $69k before a DOUBLE BOTTOM pattern.
(but anything can happen)
on RSI we can see the rsi30 bounce on weekly which is RSI right now is very close,
so additional technical idea that everything is in near term bottom already.
3. 2023 economic outlook well everyone knows that federal rates plan is 5.1% if this happen
then recession is inevitable, currently were at 4.50% and recession amplified so there's
a chance bitcoin can drop one more time,
we know that bottom always hits before recession that's why were thinking on other side
that bitcoin is in bottom right now, too crucial since everything is controlled by
FEDERETAL INTEREST RATES,
how the feds will pivot or pause the rates? the possible scenario here is they want to avoid the deeper
recession, if that happen we can see a strong bounce to stocks and crypto.
4. i read some 11 macro outlook for 2023 and according to BANK OF AMERICA and JP MORGAN and many more,
that 2023 will be difficult to everyone, some say greatest recession, the great reset, some say feds can avoid the
deep recession, so we don't know what will be the action and outcome of this rates hike.
so my final advice be vigilant and look the chart avoid this news NOISE focus on the patterns focus on rates.
forget about FUDS.
YOUR LIFE CAN CHANGE FOREVER IN 2024-2025
GOODLUCK
-WOLVES TRADING
