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Market trend


 

The market is on fire, Bitcoin at $24,400, Ethereum at $1,980, and the other altcoins mostly up. This weekend was expected to be positive and at the moment it is not disappointing.

For the "bears" it is nothing more than a rally in a bear market and for the "bulls" it is the possible end of that bear market. But we cannot draw our conclusions from the opinions of analysts, who have surely done an analysis to draw their conclusions. What we must do is analyze all the information we can get.

The money printer thing is known to everyone, COVID19 too, and the war in Ukraine is more of the same. All this caused prices to rise a lot, which was the main problem for the markets. Inflation gives the first signs of yielding. In addition, a serious economic recession in the USA was feared and of course, we are all scared. The technical recession is a fact but it does not affect the markets because we were so scared that it was taken for granted and it was already discounted from the price in previous falls.

Interest rates are being raised every quarter to control prices and the market is almost grateful that measures are broken, but the economy is not the market and companies are cash-strapped. It remains to be seen how this affects the markets.

The facts are the above, from here we can only speculate. If the FED raises interest rates by only 0.50% in September we will go up, if the employment data continues to improve the forecasts we will go up, if Blackrock buys 0.5% of the portfolio in Bitcoin we will go up, ... but if the economy continues to slow down we are going down, if China invades Taiwan we are going down, if your friend's grandmother, 92 years old, buys Bitcoin because she has heard that it is like gold it may also be that we are going down!

DYOR

 

Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

 

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The Crazy Dude
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I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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