Greetings Degens!! I am an aspiring crypto billionaire and I want to take as many people as I can on this journey with me. Let's do this together. Follow!!
#BTC goes down to 48,000 USD before we take off to begin our journey to the mooooon 🌕
As you can see in the analysis I've done, it shows how the 250 MA (daily timeframe) is being approached as you read this, this can represent MASSIVE resistance in price movement.
Considering the momentum, and the fact that Japanese traders tend to wait 30 days before re-entering the market after selling.
we are approximately 15 days away from take off!!
I personally would 🚨SHORT🚨 Entry at 58,000 USD. TP : 48,000 USD SL : 60,500 USD Leverage : 10-20X
We will be visiting the depths of price hell one more time.
Let me tell you chaps about why crypto and stocks are going to shit, like absolute dumpster fire.
How many of you know the actual percentage of foreign investment that maintains stock market prices??
Japan is a country with massive influence. Also, a country that not once has increased interest rates in over 28 years.
Recently, due to inflation concerns in Japan, the country has decided to increase interest rates on loans.
This means all investments from Japan are gonna dump their bags and go on and buy government bonds. Forcing money back into the country. Indirectly screwing over the entire risk asset market.
I almost guarantee this means rate cuts in the U.S this September. Let's say more than one by the end of year.