WHy did BTC pump?

1 de mar. de 2022

A damaged ruble and economy are scaring Russians into puling their money out in masses. Russians do not have access to a stable currency like the dollar If the Ruble really starts taking more damage. its going to cause a lot of people to move into crypto as a hedge and a way to by pass sanctions. The legitimizing of crypto crowdfunding for Ukraine and Russian economic panic are pumping crypto imo. We also had this nice head and shoulders pattern forming that I missed. I thought it too sloppy but its definitley played out. hit the Head and shoulder targets right no the nose as well. We are now in a minor consolidaton on the 4 hour that can take us to 45k from here. The important thing to watch is the weekly close this week. If we can get a close above 43k, I think 50k is possible