Bitcoin BTC Cryptocurency Altcoins Dollar
MACRO ANALYSIS 2022 v2.0 📊
1. Where is the bottom? 2. Why is US dollar pumping?
What next? 👀
My views EXPLAINED below 🧵
cryptotrading CryptoInvestor cryptosignals ETH xrp bnb LUNC luna euro stockmarketcrash
But, why is US dollar Index (DXY) pumping?💁♂️
-Europe facing uncertainty to the highest levels in terms of energy crisis, inflation, War etc -FED interest rates hike, bonds yield rise etc -Dollar is a safe bet for investors in general
-Crypto is no different from other asset classes -As long as DXY is showing strength, this will suck out liquidity and exposure from Crypto IMO
-Decoupling rom stock market doesn't seem logical to me atm . No good reasons sir 💁♂️
2⃣ - BTC
-19K looks like 6K from 2018 cycle -We should see capitulation in the coming days -Marking a new bottom around 10.5k-12k levels by mid 2023
I am bad with timelines, as they are driven by FA and nobody can see the future.
3⃣ - Total Market Cap
If BTC starts capitulating to those levels mentioned above then the T.Mcap will get a sharp hit too.
Altcoins will be crushed to death -Only a few will survive , creating a new cycle of tokens.
Choose your long term investments wisely 🤟
These are my thoughts based on my understanding.
Let's see how it plays out! ✌️
If you find this useful ➡️ SHARE 🔥This post is based on this twitter thread.