Recession = Bitcoin Bull?

23 de ago. de 2019

By now most of you are probably aware of the situation surrounding the stock market. With China manipulating their own currency, and trade wars escalating, along with a yield curve close to inverting... a potential recession is not far off. Now you may be asking... What does this have to do with Bitcoin? Well the global markets act as a lava lamp, The lava bubbles represent different asset classes for example, stocks, crypto, forex, or commodities. Money never really leaves the lamp, but rather moves into another asset class. Bitcoin is in a position to be a great buy should the recession take place. We can see on our daily time frame that the bullish pennant is still in effect with the next break above the upper pennant border being a signal for a major bull move. The Macd also looks to be building momentum! If we look at our shorter time frame, we can see that the Megalodon is giving us a buy signal as well. It is time to start averaging our way into Bitcoin as it is looking very bullish, and even more so if the recession comes into play.


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