Bitcoin seems like it wants to go higher. Inflation rising.
Good afternoon guys,
so far it seems like Bitcoin wants to continue up to target the ATH.
A clean break would be the confermation of the trend continuation pattern.
So far at macroeconomic level, we have the DXY going down, 10 Y USA gov bonds relatively stable, and the FEDs balance sheet expanding.
Its the perfect set up for the crypto market to go higher. Especially since it is not debt based.
The S2F model from PlanB still hints at 100k $ minimum as the top for BTC (can go even higher).
We are still long and grabbed some profit from the last update.
Trailing stop loss is now active and will ride it on the way up.
This is not financial advice, DYOR.
so far it seems like Bitcoin wants to continue up to target the ATH.
A clean break would be the confermation of the trend continuation pattern.
So far at macroeconomic level, we have the DXY going down, 10 Y USA gov bonds relatively stable, and the FEDs balance sheet expanding.
Its the perfect set up for the crypto market to go higher. Especially since it is not debt based.
The S2F model from PlanB still hints at 100k $ minimum as the top for BTC (can go even higher).
We are still long and grabbed some profit from the last update.
Trailing stop loss is now active and will ride it on the way up.
This is not financial advice, DYOR.
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