If my gut is right, this whole Russia/Ukraine conflict is slowly turning in a massive BULLISH signal for the crypto market.
Why?
Ukraine is now fundraising in crypto, demand for BTC & ETH in Ukraine is HUGE.
Russian people are FOMOing into crypto to avoid inflation, FROZEN bank accounts, limits on their withdrawals, credit cards that don't work now...
This makes BTC VERY attractive.
I did not expect this, in this way, but it makes PERFECT SENSE for buy pressure to increase in times of conflict.
The BEST asset in the world can protect your wealth, financial stability and ALLOWS you to continue to transact when traditional finance stops.
HELLO - we have a SOLUTION: #Bitcoin
No matter if you are Ukrainian or Russian or anyone in this world, the argument stands. Exposure to BTC is a lifesaver, especially in such troubling times...
Is FOMO time approaching? Is this correction over??? WHAT?
Maybe, times are quite volatile, but you got to look at all scenarios.
That is the fundamental analysis.
Now the chart.
Price is AGAIN moving higher to test the critical resistance at $40k... seems to me buyers are not satisfied, THEY WANT MORE.
Daily timeframe is quickly turning bullish and unless this is some Sunday SCAM price action, since volume is low, BTC may indeed explode soon if the bull argument above stands.
A hard call, but to me, turning $40k into support would flip my bias bullish. Right now, I am somewhat bullish as the NEWS of war has turned this chart bullish, despite a sharp drop that RECOVERED in full in less than 12h when Russia announced the invasion.
SUCH A FAST RECOVERY IS A BULLISH SIGNAL.
Wait what?
Where is my $20k BTC? Unless this Russia/Ukraine war turns really bad and escalates in some unexpected forms (China invades Taiwan), I don't really see anything on this chart RIGHT NOW to tell me that we go lower.
More, forget about everything. Price made a HIGHER LOW on this last drop. BULLISH again.
Time will tell. Stay safe and keep stacking on BTC.
Like and follow if you liked my idea!
Why?
Ukraine is now fundraising in crypto, demand for BTC & ETH in Ukraine is HUGE.
Russian people are FOMOing into crypto to avoid inflation, FROZEN bank accounts, limits on their withdrawals, credit cards that don't work now...
This makes BTC VERY attractive.
I did not expect this, in this way, but it makes PERFECT SENSE for buy pressure to increase in times of conflict.
The BEST asset in the world can protect your wealth, financial stability and ALLOWS you to continue to transact when traditional finance stops.
HELLO - we have a SOLUTION: #Bitcoin
No matter if you are Ukrainian or Russian or anyone in this world, the argument stands. Exposure to BTC is a lifesaver, especially in such troubling times...
Is FOMO time approaching? Is this correction over??? WHAT?
Maybe, times are quite volatile, but you got to look at all scenarios.
That is the fundamental analysis.
Now the chart.
Price is AGAIN moving higher to test the critical resistance at $40k... seems to me buyers are not satisfied, THEY WANT MORE.
Daily timeframe is quickly turning bullish and unless this is some Sunday SCAM price action, since volume is low, BTC may indeed explode soon if the bull argument above stands.
A hard call, but to me, turning $40k into support would flip my bias bullish. Right now, I am somewhat bullish as the NEWS of war has turned this chart bullish, despite a sharp drop that RECOVERED in full in less than 12h when Russia announced the invasion.
SUCH A FAST RECOVERY IS A BULLISH SIGNAL.
Wait what?
Where is my $20k BTC? Unless this Russia/Ukraine war turns really bad and escalates in some unexpected forms (China invades Taiwan), I don't really see anything on this chart RIGHT NOW to tell me that we go lower.
More, forget about everything. Price made a HIGHER LOW on this last drop. BULLISH again.
Time will tell. Stay safe and keep stacking on BTC.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
