฿ Bitcoin BTC/USD Daily Video, October 06, 2022

Sive Morten

Special Consultant to the FPA
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18,564
Good morning,

We consider 20.60-21K resistance for short term bearish position on BTC market. In 2-3 weeks perspective BTC has chances to climb higher due to pre-election US rally. Long term context anyway, remains bearish:

 
Again, Bitcoin quite oversold on weekly charts. A retest of $25K is possible..!? I will not trade it short at current levels.. ;)
 
Hi @Sive Morten and thanks for all the work and time you take to share your insights both daily and in the monthly reports.
I leave here a blog post that is quite relevant / linked to your ideas on crypto and the money printing by central banks/liquidity. Could be interesting for you and other members of FPA. The author is Arthur Hayes, co-founder of Bitmex, a guy who worked in traditional finance. Good luck to all!

blog.bitmex.com/contagion/

In light of this, my feeling is that crypto will in general continue trending down until the awareness of the public that fiat is indeed worthless and debased currency picks up. This might take another half year.
 
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