Key support on the weekly is around $4,000
I don't see us losing this level on a sustained basis. With the new week, we could see a spring setup below 4k, and immediately trade up within a day or two in order to get liquidity.
The lengthening cycle hypothesis is starting to cross my mind more now that it is nearly December and we are not in price discovery. It seems like patience is key and not to be overleveraged.
The Merge to PoS is estimated to be in May or June 2022. This could be the sell the news event that the market overshoots by a blow-off top.
We are staying flexible, but I see crypto as the best opportunity for wealth creation as long as your time horizons are appropriate to your own situation, not any one else
I don't see us losing this level on a sustained basis. With the new week, we could see a spring setup below 4k, and immediately trade up within a day or two in order to get liquidity.
The lengthening cycle hypothesis is starting to cross my mind more now that it is nearly December and we are not in price discovery. It seems like patience is key and not to be overleveraged.
The Merge to PoS is estimated to be in May or June 2022. This could be the sell the news event that the market overshoots by a blow-off top.
We are staying flexible, but I see crypto as the best opportunity for wealth creation as long as your time horizons are appropriate to your own situation, not any one else
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.