Miami’s Crypto Craze on full Display at Bitcoin Conference. “No Shiny, Bronze Balls Here”

Thoughts on the market on 08.04 .2022

Bitcoin bounced back to the trading range of $43,200 - $43,750 for the last 12 hours, and at the time of writing this review it is trading for $43,620. With a Total Crypto Market capitalization of $2.021 Trillion, BTC dominance index of 41.0% and fear index 37.

The growth of the market brings to mind the popular “dead cat bounce” pattern. Considering the growing dollar index, which is stubbornly approaching 100, information from the Fed about the reduction of the balance sheet from May to $95 billion a month, the growing geopolitical tensions and profit taking on the last trading day of the week, I think that most indices will drop today.

For further growth, it is necessary for bitcoin to touch the zone of local resistance at $43,800 - $44,200, and gain a foothold above it. This is the probable priority option. The alternative option is Bitcoin in a range with a lower limit at $42,800 - $42,500 and an upper limit at $44,000 - $44,200. In the case of working out the priority option over the weekend, expect a strong growth of altcoins.

Interestingly, in Miami, they launched their own cryptocurrency and the state authorities also erected a monument to the cryptobull. Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Saturday as a venue to network, pitch ideas and share announcements. The largest crypto company to move to Miami so far, Blockchain.com, will house 200 employees at a location in the hip Wynwood district, where other tech firms are setting up shop as well. “No, it’s not the beginning of the robot apocalypse. It’s not an NFT come to life. It’s not the final boss in a video game. And it doesn’t poop bitcoins.” “Welcome to the future of finance,” said Miami Mayor Francis Suarez as a blue shroud pulled back to reveal the Miami Bull, a 3,000-pound futuristic statue modeled after Wall Street’s iconic Charging Bull.

The massive Miami Bull has the same dimensions as the Charging Bull and has his head lowered in the same fighting stance, too. (Unlike its New York counterpart, though, the Miami Bull is neutered. No shiny, bronze balls here.) Source: miamiherald

Lastly, a Bloomberg Intelligence report on crypto has been released, the main theses - Bitcoin has shown itself to be more stable than the stock market, Bitcoin is a very attractive asset in the long term, it becomes a collateral instrument and a reserve asset.

Wishing you a blessed weekend and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge.

Another Covid-?? Crypto Market Thoughts on the market 11.04. 2022

Bitcoin ended the weekend well, reaching highs above $43,430, but has now started the week with a decline. A low price was set below $41,750. At the time of writing this review, Bitcoin is trading for $42,005. Total Crypto Market capitalization of $1.949 Trillion, and BTC dominance index of 41.1% and fear index at 32.

The dollar index is growing and approaching 100, oil has lost more than 2.3%. Tomorrow, Tuesday, data on consumer inflation in the US will be released, and on Wednesday - industrial inflation. If these data are worse than the forecast, the markets may perceive this as a threat of an extraordinary Fed meeting and a rate hike before May.

Situation in China is also pressing on the markets, where they are fanning another wave of coronapsychosis. Shanghai reported nearly 25,000 locally transmitted COVID-19 infections on Sunday, as residents of China's most populous city voiced complaints over food and basic supplies and concern spread that more cities may soon be in the same situation. Image shared is from google, on the spike of cases.

Bitcoin first worked out the priority option over the weekend, holding above $42,500 and reaching values ​​above $43,430 by Sunday evening. But with the start of the working week, Bitcoin switched to an alternative option, which provided for a shift in the trading range one floor lower, to $42,500 - $41,800. Alts to Bitcoin are still not being drained, the dominance index is low, which means that real fear has not yet come to the market.

MicroStrategy purchased another 4,100 BTC, now they have 129,218 Bitcoins. The company made its first public purchase of BTC in August 2020. The purpose of the purchase was to protect against inflation, which MicroStrategy considered inevitable. In addition to MS, Elon Musk, Dorsey, and many other people with big and colossal money did the same.

The question is - people who bought Bitcoin to protect against inflation, always working ahead of the curve when this inflation was still about 2%, will they sell it when time has confirmed the correctness of their choice. With inflation updating to new highs and has no particular chance to slow down, geopolitical factors have been added to the monetary ones. What will they do? What will be a reasonable safe haven? Do they have the strong conviction to hold on to the new asset class?
My sentiments are institutional hands are shifting quietly and stealthily, but thanks to @cryptoquant_alert this month that is 1st April 2022 to as of writing of this review a total of 34,537.39 BTC has been moved to exchanges. That is an average total of USD1,462,164,581.82. The actions of big players are one of the main factors influencing a market where supply is limited. We shall revisit this at a future date.

If Bitcoin maintains above $41,800, then price could return above 42500 and a move in the $42,500 - $43,500 range. In case the support at $41,800 is lost, the next area of ​​support is $41,400 - $40,800, then $40,300 - $39,900.

We still take the bearish side as long as BTC is below $55K/ $65K weekly. The current movement as we said since 22 Nov 2021 when BTC at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already https://t.me/decryptedge/860) next level is /32K/28K!". Next dates: 11th(today), 17th and 27th April.

These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. Rational action is to use the situation to gain positions or improve the entry price in the area of ​​​​support zones.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

What is the Best Hedge Against Inflation? Thoughts on the market on 12.04.2022

Bitcoin continued to decline yesterday, setting a low below $39,140 then stabilized in the range of $39,400 - $39,800. At the time of writing this review, the price of Bitcoin is $40,154
Total Crypto Market capitalization of $1.831 Trillion, BTC dominance index 41.1% and fear index of 20.

Oil held above $100, dollar index too peaked above $100.12. Inflation data will be released today. Forecast - 8.4%. If the data is above the forecast, and some tough statements by the Fed may collapse the stock markets. Fear in the markets adds to the understanding that this is not just inflation, which can be fought by raising rates. The astronomical external debt and the debt load of the population and the economy do not allow the full use of this tool. Record prices for raw materials and energy carriers against the backdrop of no less than record inflation threaten the economy to go into long-term stagflation.

Bitcoin broke through all the support levels indicated in yesterday's review, the last few hours it has stabilized above $39,500. I get the impression that the negative external background is being used by some well-informed market participants for a comfortable set of positions before some important events for Bitcoin. Perhaps this is a subjective opinion, we will soon find out.

Objectively - when the officially declared dollar inflation approaches double digits, fiat is the most toxic asset, and the prospects for Bitcoin are so clear that there is not even any intrigue.
Don Pliego understands everything correctly, a $$ billionaire. He is Mexico's Third Richest Billionaire and he warns of severe dollar Inflation — Says Buy Bitcoin to 'Save Your Skin' He gave the advice last week Thursday, at the Bitcoin 2022 conference in Miami, Florida. “What they are doing is making fake money out of thin air and loaning it out to create a purchasing power to the tune of, we’re now, $9 trillion of fake savings made by the Federal Reserve,” the billionaire described, adding: The creation of fake credit which equals purchasing power has been astounding. The problem is because the dollar is the reserve currency of the world, can’t do anything about it. You can’t go out of the dollar — unless you go to bitcoin. FYI: The Billionaire bought his first Bitcoin in 2013, when it was worth around $200. (​​https://t.me/decryptedge/156)

For Bitcoin today, the support area is at $39,200 - $38,500. The priority option is the movement of the main cryptocurrency in a range with a lower boundary at this support area and an upper boundary at $41,500- $42,000. An alternative option is another breakthrough of the next support area at $38,200-$37,500. If Bitcoin fixes below $39,200, the alternative becomes a priority.

Today I carry out a poll: Below, What is the Best Hedge Against Inflation?

Wishing you a good afternoon ahead and remember this is not financial advice or investment recommendation. Must do your own research. #decryptedge

Mayai Pasua Index: Thoughts on the market on 13.04.2022

Bitcoin moved from the range of $39,220 to $40,690 at the time of writing this review, Bitcoin is trading for $39,740. Total Crypto Market capitalization at $1.860 Trillion, dominance index of 40.8% and fear index 25.

The data on consumer inflation came out, it turned out to be worse than the forecast, but not much (8.5% against the forecast of 8.4%). The market reacted and more so perhaps due to Biden's speech, who said that Putin is to blame for record inflation and rising prices for gasoline and everything else. Today there will be data on industrial inflation in the US (PPI), the data may significantly affect the markets.

To put into perspective the 8.5% inflation to the Kenyan context; For those who have tried the boiled egg delicacy. Usually sold/pedelled at high human traffic areas, around key malls, universities and business centers. I remember vividly back in 2012, somewhere around Nairobi, Westlands and several subsequent years enjoying these boiled eggs served with Kachumbari (salsa) and some ketchup(optional) or chili sauce to add to the taste. The flavors burst and melt inside your mouth and trust me, you will definitely go in for another kill. Sorry I digress, it would cost me Ksh10. Now, you have to part with Ksh25. So in simple terms using the analogy the higher the inflation rate..for instance the US has this now at 8.5%, the higher the mayai pasua sells for. I have literally seen the gradual rise from Ksh10, 15, 20 and now 25. Thats mayai pasua index for you. Without much jargon. The more you pay for the same goods/service the higher the inflation index.

The dollar index is confidently holding above 100, which is always bad for the markets. However, the S&P 500 futures are now showing a slight increase. Bitcoin held within the priority option. The lows were not updated, it was also not possible to go upwards beyond $40,690. The range with the lower border at $39,200 - $38,500 and the upper one at $41,500 - $42,000 remains a priority for today.

An alternative option is to go below the support area $39,200- $38,500, it is possible with an external negative. Looking back at Bitcoin’s price milestones, it has made parabolic move in just 10 consecutive days. Could one of those 10 days be coming soon? Speculating around Apple news, although this is not yet certain. The prospects for Bitcoin without Apple are beyond doubt.
There has been a lot of talk lately about how the tightening of monetary policy by the Fed will negatively affect Bitcoin.

That's all for today, I will post an update later today. Wishing you a good afternoon ahead and remember this is not financial advice or investment recommendation. Must do your own research. #decryptedge

⅓ Of Nigerian Adults Are Crypto Investors? Thoughts on the market on 14.04.2022

Bitcoin has been in the range of $39,600 - $41,550, for the last 10 hours, it has been held above $41,000, at the time of writing this review, Bitcoin is trading at $41,370.
Total Crypto Market capitalization of $1.922 Trillion, BTC dominance index at 40.9% and fear index 28.

The producer price index, which measures the prices paid by wholesalers(US market), increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record. The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported yesterday. Source: CNBC.

Double-digit inflation with maximum energy and food prices is a recession, and there are no monetary methods to combat it in this situation. The Fed's Bullard made another ominous statement about the need to raise the rate to a level that will significantly limit economic activity. He just did not explain how, at such a rate, the national debt of 30 trillion.

This problem has no economic solution. How they are trying to solve it using non-economic methods which, to put it briefly, consist in a simple formula - to make it worse everywhere. The dollar index is back below 100, the S&P 500 futures are in a minimal negative, oil is above $108, and gold is moving towards $2000.

Bitcoin worked out the priority variant of yesterday's review during the day. The price has approached the upper limit of the range indicated, while consolidating under the resistance area. The priority option for today is fixing above $42,000 - $42,200.
An alternative option is Bitcoin in the previous trading range (39200-38500 is the lower limit, $41,500 - $42,000 is the upper limit).

From the interesting - according to a report study by KuCoin exchange, titled: INTO THE
CRYPTOVERSE: DECODING THE WORLD OF CRYPTO CONSUMERS reveals 35% of Nigerian adults are crypto investors). That is a third of the adult population of Nigeria is already investing in cryptocurrencies. Inflation of national currencies and economic problems in developing countries increase interest in the crypto market. Due to limited access to affordable financial services, cryptocurrencies are thus becoming an alternative solution for the storage and transfer of assets. Last month the same exchange had a report, putting the number of crypto users in Africa in 2021 increased by 2500%. (https://t.me/decryptedge/1062). Full report shared below:

All data and info ought to be taken subjectively, beware of Selection biases that occur when looking at samples that are not representative of the population. This can happen organically when working with small sets of data, or when the sampling methodology is not truly randomized.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge

Thoughts on the market on 18.04.2022

Bitcoin moved within the range of $40,700- $39,560 over the Easter weekend, having worked out the priority option of our Thursday review. Early this morning Bitcoin exited the $39,200 - $38,500 lower range. It is now trading for $38, 975. Total Crypto Market capitalization of $1.848 Trillion, BTC dominance index 40.9%, fear index 24.

Oil is approaching 113 (BRENT), gold is above 1985. Oil rose on news of the unrest in Libya, against which the shipment of oil from two Libyan ports stopped.

European markets are closed today, in the US - reporting season. The IMF meeting will be held all week, from where important news for the market may come. The current news background is negative. A massive food crisis is looming. In anticipation of it, more and more countries are introducing restrictions on food exports (for example, Kazakhstan recently did this).
For developing countries that depend on food imports, the situation is becoming increasingly threatening.

Bitcoin did not rise above $40,700 over the weekend, but broke through support at $39,500. The main cryptocurrency has been below $40K for more than 6 hours. Altcoins are accelerating the decline, the level of fear in the market is increasing. It's time to turn around - either right away or after the climactic correction. .
The priority option for today is Bitcoin in a range with a lower limit of $39,500 - $39,200 and an upper limit at $41,500 - $42200.

Over the weekend, FUD began to disperse that Binance is supposedly going to block the accounts of all Russians. Binance has stated its position on citizenship-based locks. In an interview with CNN's Richard Quest, Binance CEO Changpeng Zhao said his firm complies with all government sanctions very strictly. "We will block anyone on the sanction list, or anyone remotely related to them like the wires, the lawyers, mules and friends, and that is our position," Zhao said.

As we stated on 11th April:(https://t.me/decryptedge/1077) We still take the bearish side as long as BTC is below $55K/ $65K weekly. The current movement as we said since 22 Nov 2021 when BTC at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already https://t.me/decryptedge/860) next level is /32K/28K!". Next dates: 11th, 17th(yesterday) and next is 27th April.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Crypto Market Thoughts on the market on 20.04. 2022

Bitcoin worked on all the review options since our last update “Bitcoin in a range with a lower limit of $39,500 - $39,200 and an upper limit at $41,500 - $42200.” Is a sideways market so boring and repetitive. Notably Bitcoin has been held above $41K for more than 12 hours.
Total Crypto Market capitalization at $1.917 Trillion, dominance index of 41.0%, fear index at 27.

The dollar index again went above 101, now 100.82. Such values ​​were last seen in March 2020, at the height of the most severe corona psychosis. The reason now is the record fall of the yen against the dollar (maximum in 20 years), which occurred against the background of statements by the Fed representatives about the pace of tightening the monetary policy. Yes, and the euro against the dollar is moving towards parity. Interestingly, in March 2020, American indices collapsed by 30-40% due to the emergence of coronavirus, the real danger of which was, let's say, greatly exaggerated.

There is a much more dangerous situation developing - third countries are being drawn into the Ukrainian conflict, there is a threat of the onset of a food and energy crisis looming, as well as a period of severe stagflation. The markets are practically in place, they just stopped growing.
Markets reacted to a largely fictional threat in 2020 much more strongly than to a real threat now. The reason is that during these 2 years a huge money supply has been generated, which does not allow the markets to fall.

The fact that Bitcoin has not fallen below 41K for more than 12 hours indicates a likely repetition of an attempt to pass $41,500- $42,200. So today the scenario is the same - there will be an attempt, in case of success - fixing above $42,200 and the growth of the entire market. In case of an unsuccessful attempt, we remain in the same trading range with the lower limit at $39,200- $38,500 and the upper limit at $41,500 - $42,200. The first option is a priority, the second is an alternative. Many people regret that they sold Bitcoin and no one regrets that they bought it.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Thoughts on the market on 21.04.2022

Bitcoin, yesterday was in the range of $42,205- $40,875. An attempt to consolidate above $42,200 did not lead to success, the price rolled back below $41K. Total Crypto Market capitalization is now at $1.929 Trillion, dominance index 41.1%, fear index 27.

The dollar index is holding above 100.5, oil is above 108. Its now all over the news, shares of Netflix fell rapidly following the results of the earnings report. For the first time, the company's subscriber count has dropped (despite the fact that Netflix predicted an increase in their number). After losing 700K subscribers in Russia, the company raised subscription prices to compensate for the loss, and as a result lost another 600K in the US and Canada. As a result, stocks hit three-year lows, with all of the 2020-2021 gains lost. Tesla released a good report, better than forecasts. The market reaction will be today.

Germany's industrial producer price index rose by 30.9%, the highest in more than 50 years. We mentioned that inflation in the dollar will be distributed to the whole world, and inflation in regional currencies manifests itself much faster and stronger.

On the crypto market, Bitcoin tried to work out the priority option of yesterday's review. The resistance area $41,500- $42,200 was passed, a high above $42,200 was reached.
It has now been consolidating around $41,500- $41,600 for several hours. The priority option for today is another attempt to consolidate above $42,200. In case of success, the growth of the entire market and the imminent capture of $2 trillion capitalization.
If this third attempt fails, price is likely to move to the lower limit of the range. At least to $40,500- $40,600, a drop further depends on the reaction at this level.

From the interesting: Celsius CEO said that Bitcoin and Ethereum will update ATH in 2022. Sharing his insights at the Bitcoin and Ether markets at Paris Blockchain Week Summit. The entrepreneur believes that Terra’s recent BTC purchase played a significant role in supporting BTC’s price, along with other institutions entering the market. He also mentioned that if retail investors join in, it may lead BTC to new highs. On the contrary, the analyst company Kaiko announced a drop in trading volumes for Bitcoin and Ethereum to a minimum since, December 2021. This suggests that the market's stay in the range from the beginning of 2022 is coming to an end. Numbers will always tell a different story. Data from @Cryptoquant_alert show BTC inflow to exchanges. A total of 4,143.65 BTC transferred to coinbase pro and Binance this week. Keeping words to context, the keyword to keep in mind is “may”: if retail investors join in, it may lead BTC to new highs.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Thoughts on the market on 22. 04. 2022

Bitcoin has been trading around $40,400- $40,500 for several hours after gaining to a high of $42,970. Total Crypto Market capitalization of $1.875 Trillion, dominance index 41.1%, fear index 26. Markets saw a correction yesterday on the results of Powell's speech. He stated that inflation is a global problem and we may see a world with high inflation. That is, inflation at the highest levels in 40 years, is still not high inflation! To combat it he stated that they will raise rates quickly, several times by 0.5%. Then further, if necessary, they will raise it up to 2.5%. Do not rule out an immediate rate increase by 0.75%.

Bullard also added fuel to the fire, saying that there would be no soft landing for the economy. Considering that it (inflation) was created by the actions of the Fed and it was obvious back in the September- December of 2020 that the problem would raise many questions for Biden’s administration. At the beginning of 2021, trillions of aid packages were accepted, yet now inflation is attributed to Russia.

The dollar index is now above 100.5, oil is slightly above 107, S&P 500 futures are slightly in the red. Bitcoin first worked out the priority option from yesterday's review, confidently breaking $42,200 and reaching almost $43K. Later under the influence of external negativity (falling stock markets), Bitcoin switched to an alternative option. The decline of Bitcoin to $41,200 was smooth, then turned into a drain. For a short time, the price went below $40K, after which it returned to $40,400- $40,600, where it is consolidating.

Correlation between the crypto market and the stock market? It has no economic and logical substantiation, and the crowd(herd) believes in correlation. Crypto market is still a nascent sector to cause ripple waves to the whole financial market yet. Although it is contrary to logic and common sense to expect that during a period of record and growing inflation, the most anti-inflationary asset will fall. Markets can only be irrational in the short term.

The priority option for today is Bitcoin in the range with a lower limit of $40,500 - $39,800 and an upper limit of $42,500. Alternative option - fixing below $39,800. Today there will be an expiration of options on Deribit Exchange (at 11:00PM EAT). Increased volatility during and after expiration is highly probable.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

“The Fed That Failed” Thoughts on the market on 23.04.2022

After yesterday's evening correction to $38,457.12, Bitcoin has found stability in the range of $39,350 - $39,850. At the time of writing the review, it's now trading for $39,587. Total Market capitalization $1.841 Trillion, BTC Dominance index 40.8%, Fear index 24.

Dollar Index stuck above $101 as market participants begin to realize the full depth of the situation in which the markets find themselves. Foremost, the head of the Central Bank of England promised a further increase in inflation due to rising energy prices, then the chief economist of the IMF noted that in the event of tougher sanctions against the Russian Federation and a further rise in oil prices, economic growth is generally in question. Janet Yellen also announced in her speech about possible tariff cuts on Chinese goods to fight inflation. At the same time adding that China's purchase of oil and coal from Russia is not a violation of sanctions.

The well-known Economist magazine, whose front covers are always considered as a source of some hidden symbols, summed it up, this time without hints, stated the situation directly. “The Fed That Failed” How inflation humbled America's central bank. Against this background, and taking into account that there may be surprises on the geopolitical line at the weekend, market participants closed their positions before the weekend. So we expect the bottom for the S&P 500 at 4000-4100, in case of some extreme, a correction to 3800, plus or minus 100 points.

Bitcoin, against the background of yesterday's growth of the dollar index and S& P correction, worked out an alternative version of yesterday's review. A low was set just below $39,200, a quick buyout started from this level. Bitcoin has not yet been able to overcome $39,700- $39,800 level. It's now on consolidation around 39500.

Since January of this year, the market has been in a large range from $48K to $33K. Some see this as a weakness of the asset - there are many institutionalists money supposedly pouring in, and inflation is growing, but Bitcoin is not growing. Fact is the world is undergoing a radical break in the way of life, the world is close to a big war, there are global economic problems, a significant part of the world's population will soon have problems with food; against the background of all this, Bitcoin does not fall or grow. Soon we shall see a denouement on this, and it will be very clear. We have shared our bias view here(https://t.me/decryptedge/1077)

Over the weekend, the priority option is Bitcoin in the range with the lower border of $39,200- $38,500 and the upper one at $40,800- $41,500. An alternative option is a correction to $38,500 and a renewal of April 18 lows. In the thin weekend market, this option is quite possible, the reason may be FUD that Mike Saylor is secretly selling his Bitcoins.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Thoughts on the market on 25.04. 2022

Bitcoin spent the weekend around $39,500, with the opening of the stock markets continuing to decline, reaching lows of $38,200. Updating the April 2022 all time lows. At the time of writing this review, Bitcoin is worth $38,595. Total Crypto Market capitalization of $1.804 Trillion, dominance index 41.2%, fear index 23.

The dollar index has skyrocketed and is approaching 101.7. This week, the release of company reports in the US continues, data on business and industrial activity, the real estate market and the labor market will also be released.

Bitcoin remains in the range that was discussed on Saturday, $39,200- $38,500
If there is a re-test of the lower border of the range at $38,500 and it turns out to be successful for the bears (leads to fixing below 38500), Bitcoin may then go below 38K for a while.
The priority option for today is Bitcoin in the range of $38,500- $40,800. Alternative - fixing below $38,500 with movement towards $37,500 - $37,200.

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research

Thoughts on the market on 27.04.2022 Bitcoin going to 32/28K! Will you use these levels as buying opportunities?

Bitcoin lost support at $38,500, reaching lows below $37,740. At the time of writing this review, it's trading for $38,325. With a total crypto market capitalization of $1.769 Trillion, BTC dominance index of 41.2% and fear index 21.

Stock markets too fell yesterday, here are the numbers, Dow Jones lost 2.38%, the Nasdaq fell 3.95%, the S&P 500 fell 2.81% to close at 4175. The dollar index is now at 102.3. The last time this happened was in March 2020, at the peak of corona psychosis, a all time high of 103.8, is already close.

Tesla shares fell, strongly, by 12.18%. Probable fall due to investors' fears that Elon Musk would take money to buy Twitter by selling Tesla shares. Realizing that Tesla shares would fall from this, many decided to sell them before Elon. Considering that the mood in the markets is far from optimistic, a situation has arisen - Tesla is falling, pulling the indices, Tesla shares make up 2.5% of the S&P. Such corrections of indices provokes a sell off by the crowd. Some stocks fell by 30% or more, the volatility index rose to a monthly high.

Report from Google, earnings per share came out worse than expected. Considering that in the current situation, advertising spending is clearly on the decline, this is not surprising.
Today we have a META report. In February, META(facebook) collapsed both the company's shares and the markets with the 4th quarter report of 2021, which saw a decrease in the number of active users. What will happen now ? It's already blocked in Russia and the reduction in the number of advertisers have also declined?
The S&P 500 moved to the 4000-4100 area that we referred to as the bottom.

Against the backdrop of falling stock markets, Bitcoin lost support at $38,500, updated local lows below $37,740, after which it returned above $38,200 and has so far stabilized in the range of $38,100- $38,400.

I think that the priority option for today is Bitcoin in a range with a lower limit at $38,000- $37,500 and an upper limit at $39,500- $39,800. An alternative option is to go below 38K, a test of support at $37,500- $37,200.
In the medium term, I expect a break in the correlation of Bitcoin with the stock market. It has no economic justification. When the correlation of Bitcoin with stock indices becomes an axiom and completely captures the minds of the crowd. I think this will be the main market shock of 2022.
Our bearish bias of 32/28K. (https://t.me/decryptedge/1077)

We had given you a heads up for 27th April. Going forwards, will you use these levels as a buy opportunity?

Thoughts on the market on 27.04.2022 Bitcoin going to 32/28K! Will you use these levels as buying opportunities?

Bitcoin lost support at $38,500, reaching lows below $37,740. At the time of writing this review, it's trading for $38,325. With a total crypto market capitalisation of $1.769 Trillion, BTC dominance index of 41.2% and fear index 21.

Stock markets too fell yesterday, here are the numbers, Dow Jones lost 2.38%, the Nasdaq fell 3.95%, the S&P 500 fell 2.81% to close at 4175. The dollar index is now at 102.3. The last time this happened was in March 2020, at the peak of corona psychosis, a all time high of 103.8, is already close.

Tesla shares fell, strongly, by 12.18%. Probable fall due to investors' fears that Elon Musk would take money to buy Twitter by selling Tesla shares. Realising that Tesla shares would fall from this, many decided to sell them before Elon. Considering that the mood in the markets is far from optimistic, a situation has arisen - Tesla is falling, pulling the indices, Tesla shares make up 2.5% of the S&P. Such corrections of indices provokes a sell off by the crowd. Some stocks fell by 30% or more, the volatility index rose to a monthly high.

Report from Google, earnings per share came out worse than expected. Considering that in the current situation, advertising spending is clearly on the decline, this is not surprising. Today we have a META report. In February, META(facebook) collapsed both the company's shares and the markets with the 4th quarter report of 2021, which saw a decrease in the number of active users. What will happen now ? It's already blocked in Russia and the reduction in the number of advertisers have also declined?

The S&P 500 moved to the 4000-4100 area that we referred to as the bottom. Against the backdrop of falling stock markets, Bitcoin lost support at $38,500, updated local lows below $37,740, after which it returned above $38,200 and has so far stabilised in the range of $38,100- $38,400.

I think that the priority option for today is Bitcoin in a range with a lower limit at $38,000- $37,500 and an upper limit at $39,500- $39,800. An alternative option is to go below 38K, a test of support at $37,500- $37,200.

In the medium term, I expect a break in the correlation of Bitcoin with the stock market. It has no economic justification. When the correlation of Bitcoin with stock indices becomes an axiom and completely captures the minds of the crowd. I think this will be the main market shock of 2022.

Our bearish bias of 32/28K. (https://t.me/decryptedge/1077). We had given you a heads up for 27th April. Going forwards, will you use these levels as a buy opportunity?

This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research