Hi HODLers,
I am just going to share a few graphs I picked up reading articles this evening.
My opinion is the following: I know that nobody cares but I believe we are in for a few weeks/months of bear market for Cryptocurrencies and overall financial markets. Be ready for it as it might be very depressing.
The positive is that there will be opportunities to buy amazing assete at dirt cheap prices!. Just do it slowly! Do not market buy on one day. Spread and DCA this cash you have left.
Crypto Greed and Fear
Bitcoin or Crypto interests remain low
These are Google Trends Indices which is based on 100 (which represents the highest week of research for a specific keyword).
As you can see, there are not a lot of internet users typing for these 2 keywords.
Leverage?
Surprisingly, these charts would tend to indicate that the market is quite balanced between shorts and longs. This is a positive as one could think ig there were still a lot of leveraged long, more liquidations could be coming!
Stay safe out there, you will make it!
Latest Analysis
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This is buying zone now. I am collecting step by step since last week. Maybe we will indeed see 20k BTC but to me a lot of the current selloff this week is not due to a special weekness of BTC or ETH but due to the problems seen with Terra Luna Stable coin which collapsed. Billions of Dollar, lots of FUD speadibg the markets.
Inflation data in the US was flat, slightly better.
When the dust clears in a few days, maybe weeks more people will see the chances and buy in.
I agrée that the BTC/ETH sell off is mostly linked to inflation / rate hikes and FED tightening.
Thiugh, this drama definitely did not help. 😅
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I also believe we are in for a serious down time in price. I also talk about it in my post, we may see pull back to 26k today if we don't hold up at 28k. I won't be suprise if we go deeper to 16k or 18k
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That would hurt but if we have to… future is bright Let’s stay optimistic!
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Yea, there is future for crypto
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