🔥BTC IN UPTOBER 2022: upcoming pumps, Credit Suisse, DXY, SPX

3 oct. 2022

Hi friends! September closed with a loss of -3% for BTC. As 7 out of 9 September were "red" for crypto, it was expected that the 10th September would close in negative zone. Finally, we have reached October, which has already been nicknamed UPTOBER. Wonder why? Read to the end!

🔥UPTOBER IS HERE🔥
Friends, take a look on this stats. 7 out of 9 Octobers were green with profit from 10% to 61%. This means that with a high probability this month can already close in significant profit. Bitcoin has been in consolidation for more than 4 months and this "spring" should soon uncompress!



📊 BAD NEWS on CREDIT SUISSE, DEUTSCHE BANK, BRITISH FUNDS etc.
A lot of analytics and retail traders compare current situation on the market to the colapse of Lehmann Brothers Bank which had been closed at 2008 crysis and a lot of depositors lost their money. This were the worst day for stock markets for decade.

Now another banks like CREDIT SUISSE (CS) and DEUTSCHE (DB) got in trouble. But I want to remind you the Boeing (BA) case in 2020 after the start of the pandemic Covid-19. A large number of air carriers and developers began to go bankrupt. To prevent this, Boeing asked the government for 60 billion of business support.

Of course, Boeing was saved, because in case of bankruptcy, a huge number of people would have been fired and it would have been a serious blow to the aerospace industry.

Now imagine if the world's largest banks got into trouble. I am more than sure that no one will let them go bankrupt, because millions of people have deposits in these banks.

🚩 I recommend to pay attention to such news as those that deliberately cause panic of retail traders. You know what to do in this case, right?

📊 S&P 500
The worlds largest index renew it`s lows at the September close. I hope that this update of the lows were just trap for retailers and the price can bounce up this week. I got a lot fundamental confirmations that the market srtongly overbought. Of course, pay your attention to today's market opening.

🚩 In the last 2-3 months, we see that Bitcoin has stopped "following" the SPX and even shows strength: when the SPX falls, Bitcoin either grows or consolidates.

✅ This is already not so strong but the bullish signal!



📊 DOLLAR INDEX (DXY) - strength of dollar to another currencies
Dollar index grow usually coincides with SPX, BTC dump and vice versa. BTC and SPX grow when the DXY fall or consolidate.

🚩 The dollar index fell by 2.5% after touching the upper border of the 14-year channel. Let's hope that this will stop the growth of the index.

Bitcoin rose by 5% at the same time, which confirmed our pattern. More about this pattern in the latest idea!

🔥SUMMARY🔥
🚩 The most green month for crypto begin
🚩 Inflations is already reach it's highs
🚩 DXY reach the resistance
🚩 The highest level of the bad news are among us
🚩 Upcoming eletion to senate on November 8. I am sure that before the Senate elections the Democrats will do everything not to destroy the financial markets.
🚩 BTC in consolidation for 4 month and look stronger than falling SPX

✅ Bitcoin is able to surprise everyone with unexpected growth or fall, so I recommend traders to be on the alert. This time, the spring in which Bitcoin is now compressed can uncompress very quickly and unexpectedly.

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade