Money Supply Effect on BTC
As a summary my mid-long term projection is:
BTCUSD: Bearish
DXY: Bullish
BTC.D: Bullish
Altcoins: Bearish
Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction.
At the end i wait very long and greedy bull market for all risky assets including cryptocurrencies and emerging markets. As an example, Turkish lira is one of the worst fiat currencies nowadays all around the world but it is just completing its major cycle against USD. You may check other emerging markets and currencies such as South Africa, Brasil etc.
XU100/USDTRY
To sum up, instead of a financial collapse, i will be waiting for risk appetite in long term but for now world need US dollar!
BTCUSD: Bearish
DXY: Bullish
BTC.D: Bullish
Altcoins: Bearish
Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction.
At the end i wait very long and greedy bull market for all risky assets including cryptocurrencies and emerging markets. As an example, Turkish lira is one of the worst fiat currencies nowadays all around the world but it is just completing its major cycle against USD. You may check other emerging markets and currencies such as South Africa, Brasil etc.
XU100/USDTRY
To sum up, instead of a financial collapse, i will be waiting for risk appetite in long term but for now world need US dollar!
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