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Damn… The whole market is bleeding hard… This scenario was in my agenda but I didn’t expect it to come that fast… Some lines I drew 2 days ago xD For those asking why this sudden dump, it is probably because of the perfect mix of things. Recession fear + Middle East escalation and the last one joining the party, Japan economy doing really bad. Japan has had 0% interest rates for 20 years and two days ago they raised them. I heard rumors that Japan had invested trillions so a lot of companies that supported will go down again. Nobody would have expected that Japan economy could trigger something like this but we don’t have to forget that this kind of things when the base is weak it can trigger a Domino effect. (Remember Evergrande). Regarding US, I have the feeling that Powell will call for an Emergency meeting that will lead to them printing more money. For those who still have fresh money to keep buying, congratulations. For those who don’t, time to get some extra money to take advantage of this bargains. Don’t forget that market is moving because of macro economy stuff, not because crypto problems. Future is still green. Will the Fed Call an Emergency Meeting to Print More Money? submitted by /u/kirtash93 |
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