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Just a heads up the Russian war, oil, and other things seem to not be the cause of the current price

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by COINS NEWS 192 Views

Just a heads up the Russian war, oil, and other things seem to not be the cause of the current price

So real fast, I'm not saying it plays no effect on the price for us. But it doesn't seem to be a major factor.

https://preview.redd.it/ct034c1pd6n81.png?1477&format=png&auto=webp&s=3273b4773c7ed65eade097f8612038112f4fb55d

Using the chart above we can see this. On the 24th of Feb is when Russia attacked, 27th is when they took out Ukraine's oil lines, and so on. There is a relation of when Russian's and Ukraine jumping out of their economy but I can't get the exact date. If my memory is right it is when the market jumped for a short time.

As far as oil, as the price of gas jumped, the price of BTC mostly did it's own thing. In fact, it is in an upward trend as gas prices are jumping.

The inflation numbers and much of what else is going on seems to not have a direct impact on us.

Because of this, I figure I should share this to show the channel we are in.

A lot of people are freaking out because you might be seeing your value decreased through the floor. But in reality it is in a wide channel that has a slightly upward trend. And like most channels, the middle is the most stable point. Which means the price will appear to mostly flat line during those times.

Now with this being said, keep in mind when it breaks out of the channel this doesn't indicate will it go towards the top or bottom. And this doesn't indicate at this time when the end will happen. We are mostly on for the ride. But with the upward trend we are at a higher likely of breaking out to the up when it happens. Now if that happens if we don't have the momentum we might not stay up. But we will see when that happens.

All any of this is showing is AT THIS TIME, what the political people, YouTubers, and so on is saying what is causing the crypto market to do what it is doing at this second. It is total BS. And to be blunt, coming from the stock market this isn't no where near being new. They flat out don't know, but because they want to make it look like they are taking care of you and the media wants eyes for ads. Instead of admitting they don't know, they think it is better to just say a BS lie.

Note: I'm note a financial or trade advisor. This is just my opinion.

submitted by /u/crua9
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