Just using Mana & Chainlink as examples. Can use Nasdaq or bitcoin also but these charts are more extreme so using for example. I see many looking at the bear market as over. To me this is 95% likely a dead cat bounce all around. The Fed is going to keep raising rates and some nations are already in riots over food and energy inflation. The markets in my humble opinion haven't bottomed at all yet. Iโm hoping to see crypto not keep following the NASDAQโs direction but for now thereโs no reason to
Added a quick video for the Dtube crew โฌ๏ธ
Thanks for the perspective. I think people are hungry for good news in crypto, so even if it is false (dead cat bounce), the investors are relieved to hear it. Which means that if there is a drop, investors will bolt even faster for the exits. Have a !BEER that's about all I can afford to give you right now!
Beer is good with me ๐
Cheers friend ๐ป
Unlike supply chain issues are solved, I don't see any way for the economies around the world to avoid a recession. It will reach a point in which people just won't spend on anything outside of essentials.
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We in the recession for sure. I hate to only agree ๐. I like debating but I tend to agree with ya every time. Cheers friend
Well, I only mention what I believe in about the economy as I see it. The situation isn't that great.
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It's a cat and mouse game.
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