BTC Market Update Monday February 13th: Government Regulations Are Coming
BTC Market Update Monday February 13th: Government Regulations Are Coming
Well folks I told you last week I DID NOTB like the looks of that 4hr BTC double top and gave you a short signal.
And exactly as I have predicted for months, major US Government regulations are coming for the Crypto Markets. Just as Pluto begins to conjunct BTC natal Jupiter Big moves against staked ETH and Kraken last week and now against BUSD this week, and Astro TA predicts this will get much worse over the next 4-6 weeks.
"“The regulators are effectively building a wall between crypto trading and the banking and the securities markets to prevent the types of systemic vulnerabilities that led to the 2008 financial crisis,” said Todd Baker, senior fellow at Columbia University’s Richman Center for Business, Law & Public Policy."
Stocks have been moving sideways in February with the rally stalled, however Stocks had a good day today and seem to be anticipating a favorable CPI tomorrow. Still some are expecting a higher CPI and
"“We’ve gotten surprises on the soft side for the last three months. It wouldn’t be at all surprising if we get surprise on the hot side in January,” said Mark Zandi, chief economist at Moody’s Analytics." CNBC
“Any core reading under 5.5% would likely be a short-term upward catalyst for stocks, and any reading above 5.5% would likely be viewed negatively by the markets over the very short-term,” said George Ball, chairman of Sanders Morris Harris". Market Watch
If CPI comes in hotter than expected, a stock market dump can be terrible for Crypto amid all the new Gov regulation moves. However if CPI is OK then Stocks may continue to rally. Sun Saturn conjunction this week doesn't seem favorable for a rally IMO
Current Astro factors
-Feb 14 We do have Jupiter exact trine to BTC London Ascendant tomorrow, which is a possible short term favorable that could rally. However Saturn is opposing ETH Jupiter Feb 10-17, a major unfavorable for ETH
(I got a few questions about the situation with the "London location" Chart, so to explain a bit more, since we don't know who Satoshi is ….
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