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.
* ...
Nota
19666$ level reached
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.