Traders, As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that...
Traders, I will probably not be posting as frequently this next week due to some personal matters that require more attention. Thus, I thought pushing out another general update on where we are currently sitting in the crypto space would be appropriate. As you have seen, I have still been busy entering trades in alts. The main reason for this is Bitcoin’s...
If we zoom out and we compare this situation with what happened last year oct/november is so similar, i don't think $69k was BTC cycle top and i don't think now we are in bear market. I expect to have atleast 50-80% bear market correction but i don't think we are already there. We will have atleast 2-6 months bull market from here. I can be totaly wrong, imo.
Long idea for oil $USOIL $USO. Will accumulate in the historical area of demand marked on the chart. Fundamentals indicate strong bull case for oil.
Intro: - Ethereum still holds the biggest ecosystem and has running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - The main issue is the scalability and therefore the transaction fees which are way to high at this stage. - Ethereum still is the first choice after...
The Bitcoin cycle is divided into three stages; a bull market, a bear market, and an accumulation period. Every 4 years, a new cycle begins when the (BTC) rewards for miners (those who verify transactions by unlocking new blocks) are cut in half, hence unleashing a supply shock in the face of rising demand that jump starts a bull market, historically speaking. So...