🚨IF YOU ARE ARGENTINE, YOUR BANK THAT HAS BEEN WITH YOU FOREVER IS GOING TO START OFFERING YOU BITCOIN:
The BCRA is evaluating allowing traditional banks (GALICIA, SANTANDER, BANCO NACIÓN) to sell and custody crypto directly from online banking.
What changes for the average crypto user?
You will be able to buy and stablecoins without downloading another app.
For frequent crypto users, nothing changes, but this means greater crypto exposure for new users; Banco Nación alone has +20m users vs wallets like LEMON with 5m.
What doesn't change?
The fact that your BANK sells it to you does not make it "SAFE"; you still depend on a financial institution and do not have your private keys or self-custody.
Why is it important that this is being developed in #Argentina? On average, Argentina uses crypto 6 times more daily than the Latin American average (according to official data), which is why it is important to deepen development in this area, especially since there is a lot of flow toward crypto dollars in this country.
The sweep of previous highs that we had been projecting through this means has been completed. After sweeping that liquidity, a pullback is expected, which is why I closed my LONG in the 81k zone.
- Next LONG entry above the 55 moving average on the 4h, retesting the previous bearish channel, in the 78,400 zone, with a TARGET to sweep the previous high.
- The price bounced today near the expected zone, leaving a wick on the 4h, which usually gets filled since it is PENDING LIQUIDITY.
- If BTC loses the 55 moving average on the 4h, the scenario is invalidated.
- Keep in mind that the DAILY projection is a wave 2 correction to the 72-74k zone. This analysis is pinned on my x profile
We broke the sideways range we formed over two months to the upside, and the following questions arise:
What comes next? Did I miss the move, or do I still have a chance to join in? BTC to the moon?
The projection, based on Elliott waves, is for a sideways move or short-term drop on the daily chart (where one can join the move in SPOT) and then eventually reach a zone close to 90-100K by October.
In my opinion: BTC will make a BULL TRAP on the weekly chart, not surpassing the previous high (ATH) and going back to visit lows again by the end of the year, trapping retail buyers between 85-100k.