ChainAge Capital

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[ChainAge Capital @ChainageC]

If we set a new lower low, the shown approach with Elliott-Wave theory needs to be updated, with gives us slightly different scenarios which got more likely. Taking a bet on the future it's always about probabilities.

[ChainAge Capital @ChainageC]

LONG or SHORT? What do we expect for #Bitcoin price in the following months. Study the following thread to gain understanding of how to combine technical, fundamental and also psychological approaches to make predictions on price movements.

[ChainAge Capital @ChainageC]

The green line is our expectation of the mentioned retracement, price will go up, but in a zig-zag structure. With a break of the upper box, this scenario gets more unlikely. If we are heading to new ATHs from here, we should se an impulsive structure like painted in blue.

[ChainAge Capital @ChainageC]

I will keep my money in #USD for a while, due to a simple fact: #FED has been raising interest rates much longer and their monetary policy actually makes sense.

[ChainAge Capital @ChainageC]

two days ago #EuropeanCentralBank raised the key interest rate by 50bps instead of the expected 25bps. The event hasn’t been seen for over a decade.

[ChainAge Capital @ChainageC]

As commodities fall (remember, German citizens will be spending less hot water…), so should the prices (theoretically). And after that the inflation.

[ChainAge Capital @ChainageC]

Because even they took a bet on Bitcoin for the long run. Increasing expenses have to be covered with decreasing profits.

[ChainAge Capital @ChainageC]

Has #Bitcoin Miners Capitulation even started yet? Compared to the Bitcoin price chart, the networks hashrate stands strong. The rate is way higher than it was with Bitcoin prices from 50K-69K, which indicates strong fundamentals for the longterm.

[ChainAge Capital @ChainageC]

But statistically measured, a bet on falling Hash-Rate seems more plausible. In our opinion, due to the big miners Market and the bad macro environment, miners are more likely to sell and put Bitcoin price under pressure, with rising Bitcoin prices.