UK and Japan slips into a recession today with last 6 months earnings of 2023 coming in negative, this will have impacts beyond their borders and this is why the current pumps in the markets are only timely pump which is an indicator of a last major exit from the markets of equities, commoditities, basically high risk assets, money will be flowing out soon from here.
Thus, taking profits as we go up is important!
NO one and I say NO ONE can tell anyone exactly the top tip point, we were able to identify the exact bottom but it's not necessary to have the exact top.
we will stick to the TA and 52k -55k BTC is our 25% target at least profit zone to encash. Same goes for stock market.
The current run up is only in the anticipation of monetary easing with rate cut, this is a timely pump into market based on the future money printing being relaxed, it's not new money but existing money entering creating the current bubble.
The actual effects of the economies slowing down will come soon around US election time, that is the time for which we have to prepare.
