February 1st, 2022, Crypto Chartbook — Bitcoin, the plan, and its execution

The Plan:

As technicians, we like to stack odds from a fundamental and technical perspective to skew a profitable outcome in our favor. For 2022 as a midterm view, we see the following edges as positive support for bitcoin prices rising.

The execution:

With bitcoins prices suppressed from their recent decline (down 52% from its last all-time high at around US$69,000), we have another edge for minimizing exposure risk.

BTC in US-Dollar, monthly chart, high likely turning points:

Bitcoin in US-Dollar, monthly chart as of January 31st, 2022.

BTC in US-Dollar, weekly chart, bitcoin, the plan, and its execution, reload trading:

Bitcoin in US-Dollar, weekly chart as of February 1st, 2022.

BTC in US-Dollar, Quarterly Chart, long-term profit potential:

Bitcoin in US-Dollar, quarterly chart as of February 1st, 2022.

Bitcoin, the plan, and its execution:

We see no scenario where inflation is just going away. The above narrative shows that a short-term fueling of inflation is likely. Furthermore a high-risk scenario is fueling inflation even more. Should markets decline rapidly, it can be expected that money printing and buying up the market is the most predominant solution applied. Consequently, the average investor would wake up relieved that prices wouldn’t decline any further, but liquidating their holdings in a further inflated fiat currency will have massively decreased purchasing power.

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