Post by
arh0070 on Mar 15, 2022 11:52am
TTV
November 173$us(all in millions)
December.133$ us
January 121$us
February. 76$ us
February is a short month , the decline in TTV is pretty much in line with the decline in the Crypto market which continues to struggle .Technicals indicate that BTC is in an ABC correction to be followed by a retracement to 0.702 of the high (around 56K).When this will happen (it could be months of up and down) remains to be seen and should be associated with a rise in the TTV and hopefully the share price of all Crypto stocks .In the meantime it will require all Crypto companies to be frugal and conserve cash balances and basically be in some form of survival mode until things improve.The crazy bullishness of a year ago is gone ,it sure was fun and profitable while it lasted,some day it will return as all markets are cyclical but in the meantime we have to hope for the retracement which will provide short term relief.Sadly it does appear further pain is ahead over the medium term.