Bitcoin PA and USD and Debt ceiling
Old chart now topical
With the USA "Debt Ceiling" being talked about more and more in public, it looks like this fractel may now loose some accuracy but I do expect PA to run along these lines.
The Longer PA follows a fractel, the more chance it has of Falling off
Hopefully, the 200MA (Yellow) will continue along current path and PA remain above the MA
The Big question is what will the Treasury do and how will this effect Bitcoin, Stocks and USD
It is important to remember the real situation here. BANKS have lent money to entire countries, including the USA
The banks are getting worried that Countries will not repay their debts while interest rates are High
The Treasury has been raising the Debt Ceiling to allow more borrowing from the banks
The treasury now realises, maybe, it needs to Stop Borrowing
And That will slow down business and possibly fall into recession, which in turn will upset investors
And the other Big question is WHERE WILL PEOPLE SAFEGUARD THE VALUE OF THEIR MONEY
Used to be GOLD, may still be Gold - But BITCOIN HAS A HIGH RETURN
Mr Powell from the DXY Support Group ( Federal reserve, which is a PRIVATE GROUP OF BANKERS) talks tomorrow
Everyone is waiting on that
Tomorrow is going to be Fun
With the USA "Debt Ceiling" being talked about more and more in public, it looks like this fractel may now loose some accuracy but I do expect PA to run along these lines.
The Longer PA follows a fractel, the more chance it has of Falling off
Hopefully, the 200MA (Yellow) will continue along current path and PA remain above the MA
The Big question is what will the Treasury do and how will this effect Bitcoin, Stocks and USD
It is important to remember the real situation here. BANKS have lent money to entire countries, including the USA
The banks are getting worried that Countries will not repay their debts while interest rates are High
The Treasury has been raising the Debt Ceiling to allow more borrowing from the banks
The treasury now realises, maybe, it needs to Stop Borrowing
And That will slow down business and possibly fall into recession, which in turn will upset investors
And the other Big question is WHERE WILL PEOPLE SAFEGUARD THE VALUE OF THEIR MONEY
Used to be GOLD, may still be Gold - But BITCOIN HAS A HIGH RETURN
Mr Powell from the DXY Support Group ( Federal reserve, which is a PRIVATE GROUP OF BANKERS) talks tomorrow
Everyone is waiting on that
Tomorrow is going to be Fun
Aviso legal
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