1/ Posting some weekend Macro & BTC jots as we head into Oct & Q4 2022 which attempt to lay out potential paths for the quarter ahead (both Bullish/Bearish narratives highlighted)
First up, some bullish catalysts on the horizon:
2/ Coupled with some bullish metrics that are more specific to the BTC network:
3/ Next up, Bearish Catalysts
(Yes, this list is long ... and still is non-exhaustive)
4/ Bearish Catalysts Cont'd.
(Did I mention this is a long list)
5/ And finally some bearish metrics that are more specific to BTC:
6/ Regardless of the outcome in Q4 a few truths remain:
• The trend is still down⬇️ • The Fed is still indicating its unlikely to pivot any time soon 🙅♂️ • Conditions are fragile⌛️ • And reasons for more bearishness ahead greatly exhaust those for bullishness 🐻> 🐂
7/ All this seems to suggest lower lows may be printed @ some point this Q (3,500s, 3,300s, & 3,000s being key lvls to👀)
However, I wouldn't rule out some of the🐂catalysts coming into play, producing a strong rally that catches many late🐻offsides – esp. w/ Midterms coming upThis post is based on this twitter thread.