Bitcoin Bottom, Ahoy? Charting with Griff, Episode #2 (24/06/2022)

QR Watchable | Qluster's favourite technical practitioner returns with the latest chart insights. Get the breaking analysis update in this episode of Charting with Griff 👇

3
1

Qluster Research writes everything On-Chain. Subscribe to us on Substack to receive the next #FreeAlpha straight to your email inbox 🚀


[38:35] Charting with Griff, Edition #2

Note that this episode of Charting with Griff is a continuation of research featured in Technical Outlook, Edition #218.

Before watching this technical update, it might be a good idea to consider a short refresher of the analysis covered in Bon-Voyager! BTC Bailouts Continue 👉

Subscribe to the Qluster Research YouTube Channel to stay in touch.

Don’t forget to ring the bell to be alerted when we post new videos!


Crypto, Winter is Coming.

With institutional-grade capital under siege, a US Federal Reserve intent on fighting historic rates of domestic inflation continues to douse gasoline on the proverbial flame for embattled cryptocurrency participants.

Fed Chairman Jerome Powell has recently indicated the possibility of a gargantuan 75 basis point hike in interest rates to come out of the next Federal Open Market Committee (FOMC) meeting in July 2022.

Now that central bank policymakers have firmly discarded any conciliatory views of rising inflation, this talk of ratcheting up efforts to aggressively tighten money supply and the availability of credit points to a tough road ahead for some ‘Crypto Whales’.


In light of the recent slew of high-profile Bitcoin bailouts taking place, the cryptocurrency markets might already be bracing for cold winter conditions ahead.

Share


From the collapse of $LUNA to sharp declines in digital asset values, the growing intensity of rate rises from an increasingly hawkish Federal Reserve will likely add to the woes of market makers, investment managers and other sophisticated participants at risk of liquidation.

Higher borrowing rates raise the costs of servicing outstanding debts, which also impacts the maintenance costs of leveraged positions—e.g. swap fees, interest charges, etc.

Level up with our recent article about Cryptocurrency Supply on Exchanges. Read the explorer’s guide in Demystifying Supply on Exchange, On-Chain Outlook, Edition #42 👉


Hungry for more learning? Check out this technical deep-dive into one of the most exciting innovations to hit the scene and find out why Rollups are the future of scaling blockchains 👇

And leave a comment if you enjoyed the research!

Leave a comment

See you again for the next update.

- q


We’re on a mission to a New World.

It’s a place where people come to share in the wonderful gifts of trading. Where individuals come to qluster their knowledge, united by a shared love for learning.

This is Trading Made Social.

Help us on our mission by sharing the gift of Trading Made Social to new explorers.

Join our Facebook group and connect with likeminded traders 🚀

Qluster Research Facebook Community

Like and Follow our Facebook page for activity updates 📣

Qluster Co on Facebook

Connect with us on LinkedIn for future updates 🤝

Qluster Research on LinkedIn Business

Share Qluster Research


The information on this website is for general information purposes only. It is not intended as legal, financial and/or investment advice and should not be construed and/or relied on as such. Before making any commitment of a legal and/or financial nature you should seek advice from a qualified and registered legal practitioner and/or financial and/or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal and/or financial product. Qluster does not recommend and/or endorse products and does not receive remuneration based upon investment and/or other decisions