Banxa Holdings Inc V.BNXA

Cryptos

[arh0070]

According to the technical analyst /Elliot wave theorist that I follow we are in a 0.702retracement for BTC and Ethe  and headed into Alt season .This has been predicted for several months but it would appear to be arriving/arrived .The 50 day moving average has been broken and now we are at the 200 days moving average(below it)as a last resistance before BTC goes to around 56K ,and we would see huge gains in Alt coins such as bitcoin cash,Ethereum classic,Cardano,Chainlink,Algo .
The last 2-3 months have been a grinding up and down ,hopefully we will finally see Alt season very soon .
If and when it develops it will be bullish for BNXA and Coin who both corrected some today as Cryptos and markets are down related to Mr Putin and the general economic situation related to inflation and rising interest rates.So we watch and wait .March TTV for BNXA should be better than February as its a longer month and the cryptos are up somewhat though its no where near where it was a year ago when things were crazy.
BNXA needs a rapid rise in TTV to pay for the massive rise in expenses related to increase in staff in anticipation that the good times in Cryptos would just keep rolling along .I imagine that right now they have a significant cash burn rate ,all will be revealed (hopefully) when the first quarter results are published in about 6 weeks.

[PennyWise416]

Is this the same Youtuber you quoted where we were supposed to have a 5yr winter but then we went to ATH? Yeah, no. Cryptos might go up, might go down, some might do really well and others not. Then repeat. Too many external factors for youtubers and TA. Staff costs are something. Pretty easy to do tranches of layoffs if the market's not supporting their costs. May be required, may be