FREE INSIGHT Is War About To Start - Yello, ladies and | MyCryptoParadise.com
FREE INSIGHT
Is War About To Start
- Yello, ladies and gents !
Both cryptocurrency and equities markets were impacted yesterday evening by the increased war talks with insane panic overreaction on even the strongest alts. The tensions between Russia and Ukraine is escalating. Spikes on this topic will continue to coincide with increased volatility in the markets, getting us again in a trade zone where you need to proceed with extreme caution if you are a day trader and want to make money on this.
Ukrainians and Russians are brothers. It would be a shame to provoke a bloodbath over games of power. Ukraine belongs more naturally to the Russian side than to the NATO side. The only side that has nothing to lose in provoking this conflict is the US - not the UK troops. Not the civilians.
The short term impact this news has on crypto is not important; you know very well that crypto is still in early stages, and short-term PA can be easily manipulated. What matters is the macro picture, and if we take a look at both Gold and Silver, which are pumping already, we know from the past performance when the market is in a chill mode that Bitcoin is following both of them and is also safe heaven and technically a digital gold. So soonish, it starts to aggressively pursue them.
Bitcoin is basically still in sideways mode on LTF. The downtrend is already broken, and our mid-long term bias remains intact as the structure still holds very well (maximum what we can retest is $39k while BTC consolidates before the breakout). If war really starts (Not just rumours about it), it will be only additionally bullish for crypto!
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