Hi guys, hope you are doing fine. To get the whole picture you need to see as well mentioned below US30 and SPX charts. I really belive we will not go higher and there will be another huge dump. US30 finished the biggest rally and now its time for correction. The same is at SPX. The Powell speach gave hope, but few hours later people sold out from the hope - its pretty easy to see at SPX chart. This two will bring crypto even more down...
In my opinion we still didnt enter the depression zone, and this would be something below 12k for 1 BTC. ALTS still are not on its entry level. Another thing is that we still have very overvalued ETH and some big caps like MATIC. I really belive that ETH and Matic will crash to new ATL in the next upcomming weeks. At ETH we are loosing 3D support - just right now...
My prediction is that we will see ETH for 600$ and later maybe even for 400-200$. Matic will visit again 0.30$ or less...
Why is that? Besides bearish whole world market sentiment, the crypto have shown in 2022 that is nothing else then big joke! Just too many massive scam projects that crushed too many investors. Kids like Do Kwon, SBF, Ellison, shown that they are just kids/thiefs. Nothing else. The image of crypto is really bad right now and it will not change soon...
The big pain for BTC hodlers must be delivered, so we need to achieve position when everybody start talking that BTC is ponzi and its done. We will see that probably when we will visit 6000$-12.000$ figures :D.
Not a trading advice!
Regards,
In my opinion we still didnt enter the depression zone, and this would be something below 12k for 1 BTC. ALTS still are not on its entry level. Another thing is that we still have very overvalued ETH and some big caps like MATIC. I really belive that ETH and Matic will crash to new ATL in the next upcomming weeks. At ETH we are loosing 3D support - just right now...
My prediction is that we will see ETH for 600$ and later maybe even for 400-200$. Matic will visit again 0.30$ or less...
Why is that? Besides bearish whole world market sentiment, the crypto have shown in 2022 that is nothing else then big joke! Just too many massive scam projects that crushed too many investors. Kids like Do Kwon, SBF, Ellison, shown that they are just kids/thiefs. Nothing else. The image of crypto is really bad right now and it will not change soon...
The big pain for BTC hodlers must be delivered, so we need to achieve position when everybody start talking that BTC is ponzi and its done. We will see that probably when we will visit 6000$-12.000$ figures :D.
Not a trading advice!
Regards,
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