BTC : Waiting for the bubble to burst

16 ส.ค. 2023

Although I expect a move upwards in the short term, there is a high probability for a black swan event and the price of all the speculative assets to come crashing down.

Crypto will be leading the crash since it is the most speculative of all asset classes.

If the debt crisis situation in the US and the recession worries, which the FED has been relentlessly trying to battle with for the past few months, wins over, then it's going to lead to an everything bubble.

The macro economic situation is primed for a crash which may even be bigger than the .com bubble in 2000 and the financial crisis in 2008. Here the catalysts are the over hyped AI and metaverse revolution and the rising debt in US.

16 ส.ค. 2023

บันทึก

The horizontal ray line at 40k levels is not a buy trigger. I have a position in cash in there. I enter and exit at multiple levels. When price came to 17500 I took another entry and sold it off in 27500 levels. Now, if price crashes to 15k levels I'll take another entry. And if price just rallies upward from the current levels, which is against my current view, then I'll sell my position in 40k levels at all time highs.