In the face of tightening monetary policy by the FEDs, this scenario is probably not going to
play out.
However, in case that if it does, this is what I think that is going to happen:
play out.
However, in case that if it does, this is what I think that is going to happen:
- FED announce the speed up of the taper schedule during 15th December Press Conference
- Stock Markets start tanking even further, but BTC hodls the range
- For the next 3-5 months, stock markets go all red, however, the BTC stays in the range (like May-July range)
- At the end of it, stock markets slip too much and the FED are forced to restart their money printing activities in order to prevent a total economic collapse
- BTC breaks out of the months long range, proceeds to Mission $100,000.
- Fractals align so perfectly that my mind wants to believe that this can actually happen!
- Bullish view will get invalidated as soon as the price breaks and closes below the red line on the daily.