This pattern was approved by Michael Saylor and Nayib Bukele! :) (Proofs: twitter.com/saylor/status/1485733773278916609/photo/1, twitter.com/nayibbukele/status/1485031106982428677/photo/1).
More seriously, it can occurs because of theses factors already said in my previous analyse:
* governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT.
* several ETF were rejected by SEC and not looking to be accepted soon.
* Big CEO are selling their stocks ( Elon Musk , Sergey Brin, Larry Page, Bill Gates,...)
* The global economy looking bad despite printed dollars.
* SEC will rise interest rates in march which will push investors to exit risky assets like crypto
* Many are talking about bitcoin as a protection from inflation but if you bought it in November, you have already lost 40% of your capital. Can dollar do that?
* The volume is still decreasing and there is no buyers. Who will buy? Institutions? USDT cannot be printed indefinitely.
* The market is still over leveraged
* Too many moon boys.
* Retailers get rekt.
* ...
More seriously, it can occurs because of theses factors already said in my previous analyse:
* governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT.
* several ETF were rejected by SEC and not looking to be accepted soon.
* Big CEO are selling their stocks ( Elon Musk , Sergey Brin, Larry Page, Bill Gates,...)
* The global economy looking bad despite printed dollars.
* SEC will rise interest rates in march which will push investors to exit risky assets like crypto
* Many are talking about bitcoin as a protection from inflation but if you bought it in November, you have already lost 40% of your capital. Can dollar do that?
* The volume is still decreasing and there is no buyers. Who will buy? Institutions? USDT cannot be printed indefinitely.
* The market is still over leveraged
* Too many moon boys.
* Retailers get rekt.
* ...
Not
19666$ level reached
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.