It is very important to see what the charts suggest as they are always the ones who gives us the clues to where it may find its bottom, so here I share a few different TIMEFRAMES so we can fully understand and see where we potentially may find a bottom… because all of the factors are here!
Business finance is a merciless, emotionless realm where rules are nearly nonexistent! If you are part of a network, your influence is not insignificant!
The world of Decentralized Finance(DeFi) is worse than the one mentioned earlier because it is not regulated. Not yet!
Binance ($14B daily trading volume), Coinbase ($2.6B), Kraken ($1.1B) cannot exist without influence, let alone without a network! Different ecosystems, different development strategies, different “fiscal” strategies, but all leading to one result : mass adoption and total control!
When someone casts a shadow, there is always a solution to get rid of them. Worse, there is a desire to appropriate their business and publicly “bury” it to be sure.
You’ve understood it well! A decrease in stablecoin dominance simply means their use in investment, or rather their re-injection into Cryptoassets market !
There is nothing good, when we could identify a MarkUp, because mostly of definitive exits are going to make PA dive. But in this “b shape”, MM rushed price to seek it lower from the middle august, leaving a cocktail of FVG with some LQ
There is no real rules on the Cryptomarket, even if MM behaviour is modeled as “casual”. As we saw it on March 20, when markets collapsed, they withdrew LQ to cover their positions… Guess what will happen in the next BlackSwan ?
It could be interpreted of a potential MarkDown and a potential pull back on the top of this channel.
109 will be highly likely ! According to call it above 0.618 of the initial MarkUp (103)…
Europe is not governed by incompetents, but let’s say that they all struggle to agree and after 58 years of unity in a “shaky zone,” filled with directives that don’t serve much purpose, they are simply running out of arguments to find solutions.
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