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If we take a look at how Bitcoin price bottomed out in 2018 in contrast to S7P 500, there is some truly fascinating information that recommends that BTC price could bottom before equity markets. Is this something we are seeing play out today? Or is the macroeconomic landscape too much for the bitcoin bulls in this bearishness?
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* The above video recommendations an opinion and is for news/information and home entertainment purposes just. It is not intended to be investment advice, financial suggestions, or any solicitation, recommendation, recommendation, or offer that you buy or offer any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high threat activity involving risk of loss so please look for a properly certified professional for investment or financial recommendations. The details supplied on this video should not be used to make any investment or financial choices without consulting your financial or investment consultant. This video contains my viewpoint just and is not planned to trigger damage or malign anybody or any entity.
Crypto Capital Venture approves tracking bitcoin market in particular. The general property of technical analysis videos on Crypto Capital Venture is that although Bitcoin cost relocations extremely in an extremely volatile method, there is much chance in being prepared for upside and drawback. We likewise cover Bitcoin news on this channel as it comes out.
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Thanks for watching!
Always appreciate your takes. Thanks man
thank you Dan
Thanks for the content! 😘😘
Bitcoin is going to 250k next week.!!!!!
lolz
Lol.
No more days off! Interesting times for sure. Thanks Dan.
Lol! Thanks for being here my friend!
Interesting take Dan, I like it!
Everyone has turned so bearish lately, it’s another sign we could have reached a bottom.
No matter what happens, making the best of it is all we can do but I do miss seeing green ngl 😅
Haha good point!
The trend could be goin down lime tbevtrend is know 15k is tbe lowe
Thanks man!
Thank you!
I think cpi falls more next month things start looking better for christmas rally. Inflation will fall going forward fed less hawkish but still increasing.
I’ve maintained the bottom is in for months and the great thing is I am 100% correct until I’m not. Could I be wrong? Of course. But, here’s where I’m coming from. Taking the the macro economic factors out, we can not expect bitcoin to have a typical bear cycle after having the most untypical bull cycle without a blow off top missing projections buy quite a bit. Now, add the macro economics in and one would believe the worst is yet to come. I’d believe that too if I didn’t see signs of the world opening up to bitcoin with chinks in the armor of correlation of bitcoin and the traditional markets. We have to remember, bitcoin was designed to NOT be correlated and it won’t be forever. It it my opinion that correlation is coming to an end sooner rather than later. It’s blaringly obvious to me not only in the charts, but on everyday social media with normies. Bitcoin is starting to be in normal everyday discussions between people I never thought in a million years would even know about it. The virus is spreading, you can believe that no matter what happens in the short term. DCA and wait. We’re in for a wild ride.
Cryptoman976 i hope you are right but we still dont see evidence that btc is taking another path than the stock market. btc is still a risk asset so even if its made as answer for the economics i still dont see any points that it is going its own path.
but i hope you are right lets see the next years
You’re definitely on the right track my friend!
Dollar index will top out in October- November cos rate hikes will stop in US while in other countries will continue to raise rates cos they started that later than US n they have worse inflation than in US.
Even if it’s a fake pump and bottoms , it’s a chance for new consumers to come in and buy and be apart of the community… it’s just tough with all this inflation. gas prices where I am is 6.40 👎 no one said going to the moon was easy. other than that I watch your videos all the time, love them all Dan! great stuff.
Wild…gas in Texas just came back down to the 2.90s
thanks bro
Cheers from GUATEMALA 🇬🇹. Great analysis.
(if the DXY continues pumping then BTC will continue dumping) you accidently said the opposite at 8min or so
Glad to see you back!
Thanks homie!
I think during the winter months we see BTC below 12k.
TA seems to be more of a coping mechanism for us retail plebs. There aren’t any TA hedge funds. It’s just macro. Can you track macro events instead? So far, most of this TA has been speculative. It’s a lot of if’s, hope’s & maybe’s. Then there’s a rate hike & it all goes to hell. TA sounds it might be a smidge more viable when the markets are healthy.
Thanks for telling these peeps the truth but none will hear. Cults are everywhere this days! Only the Macro and the Macro looks like hellmagedden.
Always great content!
Thanks Mike. 👊🏼
You and Jason Appleton (Crypto Crow) are the only crypto youtubers I trust, thank you both!